Page Industries, the Jockey king of India, crashing to a 52-week low of ₹38,100 amid market jitters. Heartbreaking for long-term holders, right? But savvy investors smell opportunity—could this dip be your ticket to multibagger gains?
Roots of a Innerwear Giant?
Founded in 1994 by British-Indian visionary Sunder Genomal and brothers Nari and Ramesh in Bengaluru, Page grabbed exclusive Jockey licensee rights for India and neighbors. From humble factories to 14 plants across Karnataka and Tamil Nadu, they've built a ₹5,000 Cr revenue empire on comfy undies and athleisure. Sunder, now a billionaire MD at 71, turned family legacy into a stock that once soared to ₹54,000. Promoter stake? Steady 43%.
Why the Price Plunge Now?
Blame weak demand, rising employee costs, and broker downgrades—HSBC screamed "Reduce" with margins peaking. Shares tanked 14% yearly, hitting ₹38,320 recently despite Sensex highs. Q2 profit dipped to ₹195 Cr on sluggish sales. Yet, zero debt and 52% ROE scream resilience.
Future Price Outlook: Bullish Rebound?
Analysts eye recovery: 2026 at ₹65,000-₹78,000; 2030 ₹2,00,000+; 2035 could double that on e-com push; 2040? ₹5,00,000+ if Jockey stays premium. Buying now at 30x book? Risky, but history favors patient souls.Is this your golden dip? Research deep, consult advisors, and grab shares before the bounce. Subscribe for more stock alerts—what's your move on Page? Comment below!
35500 approx low on friday.... closed at 36k... 38k possible in January??
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