Espresso Shot of the Day – Supreme Industries Ltd up by 6.96 percent

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Espresso Shot of the Day – Supreme Industries Ltd up by 6.96 percent

December 01, 2021
Espresso Shot of the Day – Supreme Industries Ltd up by 6.96 percent

SUPREME INDUSTRIES LTD 2320.45 (+6.96%) BSE – INE195A01028 | 1ST DECEMBER2021


Founded in 1942, Supreme is an acknowledged leader of India's plastics industry. By effectively handling over 3,20,000 tonnes of polymers annually, it is able to make the country's largest plastics processors. Not surprisingly, they also offer the widest and most comprehensive range of plastic products in India. Their 25 advanced plants are powered by technology from world leaders and complement their extensive facilities for R & D and new product development. In fact, Supreme is credited with pioneering several products in India. These include Cross- Laminated Films, HMHD Films, Multilayer Films, SWR Piping Systems and more. Supreme Industries Limited is India's leading plastic processing company with seven business divisions. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding, Blow Moulding, etc.

Recent Drivers

  • On Oct 22, 2021, the net profit of Supreme Industries rose 30.73% to Rs 228.71 crores in the quarter ended September 2021 as against Rs 174.95 crores during the previous quarter ended September 2020.
  • On Oct 22, 2021, the company reported a sales growth of 40.28% to Rs 1928.54 crores in the quarter ended September 2021 as against Rs 1374.78 crores during the previous quarter ended September 2020.
  • On Oct 22, 2021,the Company approved the Interim Dividend payment of Rs 6 Per share.

(Sources:Business Standard,BSE)


Technical Force*

  • S&P BSE 200 month till date gain up by -2.37%
  • 3 months avg. NSE volume: 1,31,087
  • Quantity traded: 16,431 | Deliverable quantity: 8,560(52.10%)
  • Stock price has jumped by more than 40% from a one-year low level: 1591.00 (Dec 3, 2020)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 2689.00 | 52-week-low: 1591.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2989.43

2382.22

2005.58

1398.37

1021.73

414.52

37.88

    -

Fibonacci Pivot

2382.22

 2006.39

1774.20

1624.65

1398.37

1172.08

1022.54

790.35

414.52


Today’s Close

2320.45

SMA

BSE

10 DAY

2194.16

20 DAY

2273.10

50 DAY

2348.20

200 DAY

2161.18


Some Key Ratios (Source: BSE)

Market Cap: 29,475.95 crores

PE: 30.85

OPM%: 18.21

ROE%:31.81

Promoters holding%: 48.85

Prev. Close:2169.55

*Chart and Technical Force data from the Binge desktop app
References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.