Page Industries shares slip after HSBC projects 10% more downside
Published on 18/09/2025 10:13 AM
Page Industries shares slip after HSBC projects 10% more downsideThe brokerage flagged concerns over the company's growth outlook, saying that the launch of JKY Groove marks a shift away from its core basics segment with limited potential.By Meghna Sen September 18, 2025, 10:13:46 AM IST (Published)1 Min ReadShares of Page Industries Ltd. fell over 2% on Thursday, September 18, after global brokerage firm HSBC downgraded the stock to 'Reduce'.
HSBC has a price target of ₹41,040 per share, suggesting a further 10% downside from current levels.
The brokerage flagged concerns over the company's growth outlook, saying that the launch of JKY Groove marks a shift away from its core basics segment with limited potential.
It also highlighted that margins may be near their peak, as raw material costs have stabilised while employee expenses continue to rise. Additionally, HSBC has cut its profit-after-tax (PAT) estimate by 3%, citing muted demand trends.
The stock is currently trading 1.90% lower at ₹44,495. On a year-to-date basis, it has declined 7%.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsPage IndustriesPage Industries sharesshare market today