May 27, 2021
Over two-fold rise in profits this quarter as compared to the corresponding period last year Page Industries Limited, with strong demand pick-up across all its product categories, has posted 272.53 per cent higher profits at ₹115.56 crore profits for the fourth quarter (Q4) of FY 2020-21 as against ₹31.02 crore loss recorded in the same period last year.
The company’s income is higher by 60.80 per cent to ₹886.32 crore as against ₹551.19 crore in the same period last year.
Commenting on the results, Managing Director Sunder Genomal said, “This has been an unprecedented year for all of us. However, I am pleased to say that during this time, we were able to handle the operational challenges and come out as a stronger and more resilient organisation. Although the year started on a challenging note, we were quick to implement our business continuity plans resulting in one of the best quarter performances for the company in its history. We witnessed a strong
Page Industries standalone net profit rises 272.53% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Explore Now
The Nifty index opened with a gap up at 15,291 level on Tuesday, but witnessed pressure at higher zones and consolidated in a broader range to settle the day on a flattish note. The index has been forming higher highs and higher lows for the last three trading sessions. Technically, it formed a bearish candle with a long lower shadow on the daily chart.
Now, it has to hold above 15,150 level to witness an up move towards 15,300 and then lifetime high of 15,431-mark, while on the downside, support exists at 15,100 and 15,000 zones.
India VIX fell down by 1.50 per cent from 19.13 to 18.84 levels. India VIX needs to hold below the 20 zone to extend the bullish market momentum towards new lifetime territory.
Read more about Market Wrap Podcast, May 24: Here s all that happened in the markets today on Business Standard. The BSE barometer of 30-shares settled 111 points, or 0.2 per cent, higher at 50,652 levels while the broader Nifty50 index closed at 15,198 levels, up 22 points or 0.15 per cent
Vaccination, Q4 earnings, F&O expiry among key factors that will guide markets next week
SECTIONS
Share
Synopsis The market will continue to focus on covid numbers to pump in more optimism into the market due to a relatively quiet week for economic data,” said Vinod Nair, Head of Research at Geojit Financial Services.
Getty Images
NSE
Explore Now
NEW DELHI: Buying in banks and financials along with autos pushed benchmark indices higher by nearly three per cent last week which turned out to be one of the best weeks in the last four months.
Easing covid concerns, fluctuating global cues, and robust corporate results were the factors that drove the market last week. Amid inflation worries, Fed meeting minutes signalled a plausible slowdown in bond buying “at some point”, a shift in policy in the future, which will have an implication on EMs. However, that does not seem a near term concern.