i normally buy jockey from online through jockey e-commerce site. no bad experience till date.ya riche's may be right, no argument. it was just my thought. my guts feeling is that it will wait for the earning to catch up in this range. i can be wrong also as i dont understand or follow technical chart.

there's a lot happening on social media and this subsidiary financials auditor's note is the latest after Q2 results

This was mentioned somewhere in their website or through their concall.

Direct competition would be companies as Omkar, Gulshan Polyols, Grauer etc

Disc: Invested

Bad Sep results, company seems to suffer due to lower sales affecting operating leverage.

However one positive, RM to sales ratio is same and the affect has been from fixed costs only which has affected margins. Lower sales could be due to lower agrochemicals demand in the last quarter, hopefully should improve in the next quarter results.

Today's drop seems to be a good opportunity to buy.

Discl: Invested at CMP

Disclosure: I'm no way remotely can be called a technical analyst. But I usually see trends when I want to sell any of my core holdings. I hold page and I have trimmed it as disclosed in my portfolio thread earlier in order to make way for alpha returns and I intend to trim it further.

Page Industries 1 Year Daily chart

Page Daily 1 Year.png1884x1350 323 KB

Chart source: Chartlink.com

1. As indicated in one of my earlier posts above, Page though briefly breached the upper line it soon resumed its down trend and it looks it is headed towards touching the lower line at around 12000. However, currently the stock is in over sold levels (look at RSI and CCI indicators) so there could be some lower selling pressure before the downturn resumes towards 12000. It appears as if Page made a significant top at 17000 though on low volumes.

Page industries 5 year weekly chart

Page Weekly 5 Years.png1884x1346 260 KB

1. It looks like Page is forming "Head and Shoulders" pattern in the weekly 5 year chart and if the chart plays out the targets could be around 10000 which is the difference between neck line and head top. Any break down below 13000 on weekly close could proved to be negative. Since this is a weekly chart the targets also play accordingly on medium term. So if the above daily chart plays out, it paves way to weekly chart as well.

Fundamentally too, it looks like the high PE coupled with lower growth relatively as well as in comparison to its track record could mean PE compression.

Again my amateurish technical skills could be playing a confirmation bias here as my previous post played out as predicted when Page fell from 14500 to 13000 levels.

EDIT: I'm as bullish on the Page business prospects as ever. Business prospects are different from stock returns prospects. With back to back lower revenue growth my perspective on stock prospects have changed.