PI Industries shares fell sharply on Wednesday after the company reported a 39% YoY drop in Q4FY26 net profit to Rs 200 crore, along with weaker revenue and EBITDA. FY26 performance also softened, though the board recommended a high final dividend. Weak technicals and declining institutional holding added to investor concerns.
Small & midcaps tumble! Hindustan Copper, Devyani, PI Industries, other stocks fall up to 7%
Smallcap and midcap stocks came under pressure on Wednesday as broader markets weakened amid a record low rupee, elevated bond yields, and cautious investor sentiment.