India's Page Industries rises after UBS initiates with 'buy' on solid volume growth

Page Industries

05/10/2026 08:30

** Shares of garments manufacturer and distributor Page Industries PAGE.NS rise as much as 3.19% to 37,830 rupees apiece
** UBS assumes coverage of PAGE with "buy" and a price target of 44,000 rupees, implying an upside of 20.2%
** Says PAGE is in a growth rebound phase and expects high-single-digit volume growth in the financial year 2027, projects 13% revenue growth
** UBS says PAGE's growth will be led by e-commerce and quick commerce, which continue to grow exponentially
** Says valuations at 45x forward P/E is at a discount to its long-term averages and calls them "compelling"
** Average rating of 22 analysts tracking PAGE is "buy"; median price target is 42,068 rupees, according to data compiled by LSEG
** PAGE shares up 3.6% in 2026 so far, according to exchange data


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))