Page Industries – 90 PE is not expensive – Cartica Capital (Part 3)

Part 1 – Interview

http://www.analyseindia.com/page-industries-90-pe-is-not-expensive-cartica-capital/

Part 2 – Cartica Capital Starts Selling

http://www.analyseindia.com/page-industries-90-pe-not-expensive-cartica-capital-part-2/

Part 3 – Selling Continues

Ever since Cartica Capital mentioned Page Ind is not expensive at 90 PE, they have been consistently selling the stock every quarter

Looking further at the Shareholding pattern of Page Industries we came across that holding of Cartica Capital has come down from 6,84,058 shares to 3,81,489 shares between June 2018 to June 2019. Share price of Page Ind. In June 2018 was 27814 . It made a high of 36335 in Aug 2018. And CMP is around 20420

As per latest announcement on stock exchange, Cartica Captial holds 332,338 shares representing 2.98% of shareholding

Source :

https://www.bseindia.com/xml-data/corpfiling/AttachLive/B6DDF6F9_05C9_49CC_9DE2_AE20699E042A_180608.pdf

Price Chart

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Historical Shareholding Details of Cartica Capital In Page Industries

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Source : Trendlyne.com

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