Nifty Opens Below 9900, Sensex Falls 100 pts; Tata Motors Drops 4%

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Nifty Tips
Textile company Page Industries' first quarter profit is seen rising 13.4 percent year-on-year to Rs 76 crore and revenue may grow 14.2 percent to Rs 652 crore due to strong volume growth.

According to average of estimates of analysts polled by CNBC-TV18, operating profit is seen rising 13.8 percent to Rs 124 crore and margin may expand 10 basis points to 19.2 percent compared with same quarter last year.

Page Industries located in Bangalore is the exclusive licensee of JOCKEY International Inc (USA) for manufacture, distribution and marketing of the Jockey brand in India, Sri Lanka, Bangladesh, Nepal and the UAE.


Analysts expect volume growth at 7-8 percent and realisations at 7-8 percent that may negate the impact of high cotton price.

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