Page Industries Shares Plunge 13% as Higher Raw-Material Costs Hit Q2 Profitability
Page Industries shares fell 13% to Rs. 31,850, their lowest level since April, as investors reacted to second-quarter profitability pressure from higher raw-material costs.
New Delhi, Nov. 12 -- Shares of Page Industries, the licensee for Jockey and Speedo in India, plunged 13% in Thursday's trade, 12 November, falling to the lowest level since April at Rs.31,850 as investors were disappointed with the company's performance in the second quarter, weighed down by highe…