The stock is witnessing strong selling pressure

PAGEIND The stock is witnessing strong selling pressure, falling nearly 12.91% to ₹31,850 in the latest session. Technically, the stock is trading below all four important EMAs — 21 EMA (₹35,313), 50 EMA (₹35,946), 100 EMA (₹36,584) and 200 EMA (₹37,287). This indicates a weak bearish structure across short-, medium- and long-term trends, with sellers maintaining control. The sharp bearish candle also reflects strong supply at higher levels. The ₹31,750–31,850 zone is an important immediate support area; a sustained breakdown could invite further downside, while any recovery towards ₹35,300–35,950 may face resistance from the moving averages. Fundamentally, Page Industries, the owner of the Jockey and Speedo businesses in India, reported Q2 FY27 revenue growth of 11.5% to ₹1,439.6 crore, while net profit increased 4% to ₹202.5 crore. However, EBITDA margins declined to 20.8% from 21.6%, indicating pressure from higher cotton and raw-material costs. The company also declared a second interim dividend of ₹150 per share, with 18 November 2026 as the record date. Another major concern is the FEMA compliance issue related to online sales of imported products, which contributed to negative market sentiment. Despite revenue growth, slower profit growth, margin pressure and regulatory concerns have triggered heavy selling