Key Events This Week
2 Feb: Stock opens at Rs.32,834.20, down 0.45% amid broader market weakness
3 Feb: Sharp rebound with 3.11% gain following positive market sentiment
5 Feb: Q3 FY26 results reveal margin pressures despite revenue growth
6 Feb: Financial trend upgraded to positive; stock gains 3.60%
Monday, 2 February 2026: Weak Start Amid Market Downturn
Page Industries began the week on a subdued note, closing at Rs.32,834.20, down 0.45% from the previous Friday’s close of Rs.32,981.20. This decline occurred alongside a sharper Sensex drop of 1.03%, which closed at 35,814.09. The stock’s relative resilience amid broader market weakness suggested underlying investor confidence despite sector headwinds.
Tuesday, 3 February 2026: Strong Recovery on Positive Market Sentiment
The stock rebounded sharply on 3 February, gaining 3.11% to close at Rs.33,854.65. This outpaced the Sensex’s 2.63% rise to 36,755.96, reflecting renewed buying interest. The volume surged to 837 lakh shares, indicating increased investor participation. This move set the tone for the week’s upward trajectory, supported by optimism around upcoming quarterly results.
Wednesday, 4 February 2026: Continued Gains Ahead of Earnings
Page Industries extended its gains by 1.68% to Rs.34,424.20, outperforming the Sensex’s modest 0.37% rise. The stock’s steady advance ahead of earnings announcements highlighted market anticipation of positive financial disclosures. Volume moderated to 486 lakh shares, suggesting measured accumulation by investors.
Fast mover alert! This Large Cap from Automobiles - Passeenger just qualified for our Momentum list with stellar technical indicators. Strike while the iron is hot!
- - Recent Momentum qualifier
- - Stellar technical indicators
- - Large Cap fast mover
Thursday, 5 February 2026: Quarterly Results Reveal Margin Pressures
Page Industries reported its Q3 FY26 results on 5 February, posting record quarterly revenues of ₹1,386.76 crores. Despite this revenue growth, margin pressures persisted, with operating margins under strain due to inflationary costs and sector challenges. The company’s PBDIT reached ₹318.10 crores, and PBT (excluding other income) was ₹278.82 crores. Net profit after tax stood at ₹215.43 crores, marking the highest quarterly earnings to date.
The stock responded positively to these results, surging 3.60% to close at Rs.35,661.80, well above the week’s opening price. This gain contrasted with the Sensex’s 0.53% decline, underscoring the company’s relative strength amid mixed market conditions. Volume expanded to 1,095 lakh shares, reflecting strong investor interest.
Friday, 6 February 2026: Financial Trend Upgrade and Technical Momentum Shift
On 6 February, Page Industries announced an upgrade in its financial trend from flat to positive, reflecting improved operational execution and robust quarterly growth. The company’s return on capital employed (ROCE) for the half-year ended December 2025 rose to 64.03%, signalling efficient capital utilisation. Debtors turnover improved to 30.00 times, indicating enhanced receivables management.
The stock closed at Rs.35,518.35, down slightly by 0.40% from the previous day’s close but maintaining a strong weekly gain. The Sensex edged up 0.10% to 36,730.20. Technical indicators showed a shift from bearish to mildly bearish momentum, with mixed signals from MACD, RSI, and Bollinger Bands. The stock’s mojo score improved to 55.0 with a mojo grade of Hold, upgraded from Sell, reflecting cautious optimism.
Considering Page Industries Ltd? Wait! SwitchER has found potentially better options in and beyond. Compare this mid-cap with top-rated alternatives now!
- - Better options discovered
- - + beyond scope
- - Top-rated alternatives ready
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.32,834.20 | -0.45% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.33,854.65 | +3.11% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.34,424.20 | +1.68% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.35,661.80 | +3.60% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.35,518.35 | -0.40% | 36,730.20 | +0.10% |
Key Takeaways
Page Industries demonstrated strong resilience and growth momentum this week, outperforming the Sensex by a wide margin. The company’s record quarterly revenues and profits, coupled with an upgrade in financial trend to positive, underpin a favourable operational outlook despite persistent margin pressures.
Operational efficiency gains, reflected in a high ROCE of 64.03% and improved debtor turnover, highlight effective capital and working capital management. These factors contribute to the company’s ability to navigate sector challenges such as inflationary cost pressures and supply chain disruptions.
However, the technical momentum remains cautiously mixed, with key indicators signalling a mildly bearish trend despite recent price gains. The stock’s mojo grade upgrade to Hold suggests moderate optimism but advises prudence given the absence of strong bullish confirmation.
Longer-term performance remains a concern, with the stock underperforming the Sensex over one, three, and five-year horizons. Investors should weigh the recent positive developments against this backdrop and monitor upcoming results and market signals closely.
Conclusion
Page Industries Ltd’s week was defined by a significant 7.69% price appreciation, driven by record quarterly results and an upgraded financial outlook. The company’s operational discipline and capital efficiency have positioned it well to manage sector headwinds, while the stock’s outperformance relative to the Sensex reflects renewed investor confidence.
Nonetheless, the technical landscape remains nuanced, with mixed momentum indicators suggesting that the rally may require further confirmation to sustain. The upgrade to a mojo grade of Hold encapsulates this balanced view, signalling cautious optimism. Stakeholders should continue to monitor financial updates and technical signals to gauge the sustainability of this positive shift.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
