India's Page Industries rises as brokers upbeat on growth prospects despite profit fall
BUZZ-India's Page Industries rises as brokers upbeat on growth prospects despite profit fall ** Page Industries' PAGE.NS shares rise 2.2% to 37,320 rupees
** June-qtr revenue from ops rises 7.9% YoY; profit falls about 4% as expenses rise 10.5% YoY
** Dolat Capital ("Buy") says demand remains strong as co expects double-digit volume growth for FY27
** Emkay Global ("Add") says PAGE well placed for mid-teen growth, driven by industry consolidation, wider distribution, stronger consumer outreach and richer product mix
** Systematix Institutional Equities ("Hold") is cautious on near-term earnings outlook on higher raw material costs despite improving demand; sustained double-digit volume growth, easing costs and margin recovery will be key
** 14 of 23 brokerages rate PAGE "buy" or higher, 4 "hold" and 5 "sell" or lower; median PT 41,500 rupees - LSEG-compiled data
** YTD, stock up 3.9%
(Reporting by Abhinav Parmar in Bengaluru)
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