PageInd Rating
CREDIT SUISSE ON PAGE IND : 28.05.2021
* MAINTAIN NEUTRAL TARGET: 30,000
* CS maintains Neutral call on Page Ind, expects margin to revert to the 20-22% range from FY22
* Strong Rev Traction, Significant Distribution Expansion Achieved In FY21
• Margin Dropped From 20 22% Range In Last 2 Yrs Due To Slowdown
* Expect Margin To Revert To The 20-22% Range From FY22
