Today the National Stock Exchange (NSE) Nifty50 index which closed near 11,844.10 is now opened near 11,855.50 on a flat note. However, it couldn’t sustain its opening level and start surging later in the morning session. Currently, it is trading near 11,946.05, 101.95 points up. (12:45 PM India GMT +5:30)
During the trading session, over 45 stocks have touched their 52-week highs on NSE today however around 40 stocks have touched their 52-week lows as well. One such stock is Page Industries whose shares hit a 52-week low apiece on Monday. It is after when the company delivered its worst-ever quarterly performance. The revenue is flat, but the demand and expectation of Q4FY19.
The net profit of Page Industries declined by 20 percent and intensifying demand in the Q4FY18.