Page Industries, a titan in the textile sector, is the force behind the renowned brand “Jockey.” This company isn’t just any ordinary textile firm; it’s a trailblazer in the innerwear industry. Through the Jockey brand, Page Industries has carved a niche for itself in the premium segment of innerwear in India, setting a benchmark for others to follow.
Dividend Distributions: A Pattern of Generosity
Page Industries has consistently shown its appreciation to shareholders. In recent financial records:
- In August 2023, a dividend of ₹75 per share was distributed.
- June 2023 saw a dividend of ₹60 per share.
- February 2023, ₹60 per share was the figure.
- Backtracking to November 2022, ₹70 was given out.
- June 2022 also recorded a generous ₹70 per share.
- February rolled out a whopping ₹100 per share.
Stock Performance: A Closer Look
In the past month, Page Industries’ share value has seen a 3% dip. This decline extends to a more significant 23% drop within the past year. After four consecutive quarters, it was noted that the promoters made their first sale of shares. The promoter’s stake, which stood at 46.12% in June 2023, decreased slightly to 45.11% by September 2023.
Foreign Institutional Investors (FIIs): A Sell-Off Trend
There has been a consistent trend of FIIs selling their shares in the company. Data points indicate:
- September 2022: 25.29%
- December 2022: 24.66%
- March 2023: 22.38%
- June 2023: 21.99%
- September: A further slip to 21.98%
However, on the flip side, Domestic Institutional Investors (DIIs) have been on a buying spree:
- September 2022: 19.48%
- December 2022: 19.61%
- March 2023: 21.87%
- June 2023: 22.09%
- September: An increase to 23.55%
while Page Industries has established itself as a leader in the innerwear segment, its financial dynamics, especially concerning dividends and shareholding patterns, paint an intricate picture. It’s essential for potential investors and stakeholders to keep an eye on these metrics to make informed decisions.
