Page Industries shares fall 12.91% after Q2 results

Page Industries fell 12.91% on 12 November after its Q2 results. The 29,805 support and 37,185 resistance levels frame the next move. Page Industries Limited [PAGEIND] fell 12.91% on 12 November 2026 after its Q2 results. Shares closed at Rs 31,850, the sharp selloff came despite double-digit revenue growth, as slower profit growth, margin pressure and a regulatory disclosure weighed on investor sentiment. Consolidated revenue increased 11.5% year on year to Rs 1,439.6 crore from Rs 1,291 crore. Net profit grew 3.8% year on year to Rs 202.5 crore against Rs 195 crore. EBITDA increased 7.4% year on year to Rs 300.2 crore from Rs 279.6 crore. EBITDA margin narrowed to 20.8% from 21.6%. Revenue growth outpaced profit and EBITDA growth. The margin decline also points to pressure on operating profitability. The stock is trading between the supplied support of Rs 29,805 and resistance of Rs 37,185. The sharp fall has shifted attention towards the lower support level. In my view, the trend remains down. A move above Rs 37,185 would bring recovery into focus. A fall below Rs 29,805 would put further weakness in view. A sustained move above resistance would weaken the bearish view. The next move around these two levels will be important to watch. Stance: bearish while below Rs 37,185, with Rs 29,805 as the key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.