Page Industries falls 13% as Q2 profit misses estimates

Page Industries fell nearly 13% on 12 November 2026 after Q2 profit missed estimates; Rs 34,000 is resistance, Rs 29,805 key support. Page Industries Limited ( PAGEIND ) fell nearly 13% on 12 November 2026 after its Q2 FY27 results missed estimates. The stock hit its lowest level in about seven months. Net profit rose 4% to Rs 202.5 crore from Rs 194.8 crore. Revenue grew 11.5% to Rs 1,439.6 crore. EBITDA rose to Rs 300.2 crore, but margin slipped to 20.9% from 21.7%. Bloomberg consensus was Rs 207 crore for profit and Rs 1,462 crore for revenue. The board declared a second interim dividend of Rs 150 per share. Margin pressure is keeping profit growth well below sales growth, and the market had expected more. On the daily chart, the stock is about 27% below its mid-year peak near Rs 43,700. The fall came on the highest volume on the chart. The earlier support at Rs 34,000 has turned into resistance. RSI is near 31, close to the 30 mark. The view is that the trend is strongly bearish. Rs 34,000 is the level to reclaim. Rs 29,805, near the March low, is the key level on the downside. A daily close below it would extend the decline. Stance: bearish while below Rs 34,000. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.