Page Industries gets comfortable

Page Industries is very much in the limelight today morning. This thinly traded stock, rose almost 3.5% to Rs.25,480. The two-week average volume is around 680 shares and today morning, 348 shares have already changed hands.

The company, recognized more as Jockey India, announced that its license agreement with Jockey International Inc has been extended till December 31, 2040.

The company did well for Q4Fy18 – on a 13% (YoY) rise in net sales at Rs.608 crore, it posted a 41% increase in net profit at Rs.94 crore. Its interest outgo for the quarter stands at Rs.4.5 crore, 21% down.

The company has declared a dividend of Rs.35,000 per share. This is a Rs.10 face value stock and equity capital is Rs.11.15 crore.