Page Industries shares fall 12.7% after Q2 EBITDA disappoints
The NSE-listed apparel maker’s stock slid to 31,920 INR as weak operating performance triggered a sharp sell-off.
The NSE-listed apparel maker’s stock slid to 31,920 INR as weak operating performance triggered a sharp sell-off. Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Page Industries Ltd shares fell 12.72% on Thursday, trading at 31,920 INR, after the company reported disappointing second-quarter results. The drop left the stock 26.4% below its 52-week high of 43,855 INR.
EBITDA misses spark sell-off
Page Industries shares plunged to hit the lower circuit on Thursday. NDTV Profit reported the move followed Q2 results that disappointed investors. The company declared a dividend alongside the earnings release.
CNBC-TV18 reported that the company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹300.2 billion. Local media cited weak operating performance as the driver for the sharp decline.
Volatility exceeds benchmark
The latest fall extends a difficult period for the listed apparel maker. By Falling Shares’ measure, the stock has dropped 10.3% over the past five days and 13.1% over the last month. Over the past year, shares have lost 20.0% of their value.
Falling Shares rates the stock Unstable, citing an annualised volatility of 36.4% compared to 13.5% for the benchmark. The move attribution for the latest session was almost entirely company-specific, with Falling Shares estimating that 12.1% of the total 12.3% drop was driven by firm-specific factors rather than market or sector trends.