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Page Industries shares hit 52-week high, surge 16% in 3 days
Page Industries shares surged over 7% todayPremium
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Shares of Page Industries today surged as much as 8% to hit a 52-week high of ₹27,916. Including today s upmove, Page Industries shares are up 16% in just three sessions.
Bangalore-based Page Industries Limited is the exclusive licensee of Jockey International Inc. (USA) for manufacture, distribution and marketing of the Jockey brand in India, Sri Lanka, Oman, Bangladesh, Nepal, Qatar, Maldives, Bhutan and UAE.
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Page Industries is also the exclusive licensee of Speedo International Ltd for the manufacture, distribution and marketing of the Speedo brand in India.
Synopsis
Jockey International and all its subsidiaries exclusively use WRAP certified or equivalent factories and requires all licensed partners to comply with Jockey standards and maintain WRAP certification.
(File photo)
New Delhi: Page Industries, the exclusive licensee of Jockey International in India, on Monday said the US apparel industry watchdog has re-certified its facility to be socially compliant months after allegations of human rights violations at the factory.
The US-based Worldwide Responsible Accredited Production (WRAP), which had launched this probe into one of the production facilities of the Bengaluru-based Page Industries, said human right violations allegations were not substantiated by the findings of the audit.
Jockey International India partner Page Industries Ltd re-certified by WRAP equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI, Dec 14: Page Industries, the exclusive licensee of Jockey International in India, on Monday said the US apparel industry watchdog has re-certified its facility to be “socially compliant” months after allegations of human rights violations at the factory.
The US-based Worldwide Responsible Accredited Production (WRAP), which had launched this probe into one of the production facilities of the Bengaluru-based Page Industries, said human right violations allegations were substantiated by the findings of the audit.
“Located at Bommasandra, Bangalore in India, unit-3 was audited by WRAP as per its standard procedures in October 2020. WRAP has re-certified the facility to be socially compliant,” Page Industries said in a regulatory filing.