Sell Page Industries, target Rs 19,400: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Page Industries Ltd. with a target price of Rs 19400. The current market price of Page Industries Ltd. is Rs 20578.1 Time period given by the analyst is Intra Day when Page Industries Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 21200. Page Industries Ltd., incorporated in 1994, is a largecap company with a market cap of Rs 22952.55 crore.

Page Industries Ltd. key Products/Revenue Segments include Innerwear & Leisurewear which contributed Rs 2476.92 Crore to Sales Value (97.05 % of Total Sales), Others which contributed Rs 41.74 Crore to Sales Value (1.63 % of Total Sales), Scrap & Others which contributed Rs 23.87 Crore to Sales Value (0.93 % of Total Sales), Other Operating Revenue which contributed Rs 9.01 Crore to Sales Value (0.35 % of Total Sales) and Duty Drawback which contributed Rs .49 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 738.32 Crore, up 6.89 % from last quarter Sales of Rs 690.76 Crore and up 18.89 % from last year same quarter Sales of Rs 621.03 Crore Company has reported net profit after tax of Rs 101.89 Crore in latest quarter. The company’s top management includes Mr.B C Prabhakar, Mr.G P Albal, Mr.Nari Genomal, Mr.Pradeep Jaipuria, Mr.Ramesh Genomal, Mr.Sandeep Kumar Maini, Mr.Shahendar Genomal, Mr.Shamir Genomal, Mr.Sunder Genomal, Mr.Timothy Ralph Wheeler, Mr.V S Ganesh, Mr.Varun Berry, Mr.Vedji Ticku, Mr.Vikram Gamanlal Shah, Mrs.Rukmani Menon. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 11,153,874 shares outstanding.