’ shares continued their downward trend (today down over 4.5%), marking the seventh straight session of losses following weaker-than-expected Q2 FY26 results. The company’s consolidated net profit declined 20% year-on-year to ₹164.74 crore, while revenue grew 5% to ₹2,394 crore. Despite the revenue uptick, margin pressures and cautious management commentary weighed on investor sentiment. Brokerages trimmed price targets, highlighting concerns over volume growth and profitability outlook. The stock touched its lowest level since 26 May 2025, approaching a five-month low, and currently trades over 40% below its all-time high from June 2024. The continued weakness reflects subdued earnings momentum and persistent selling pressure.
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