Supreme Petrochem Ltd. News and Updates

Name: Latest research reports of Supreme Petrochem Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: Supreme Petrochem Ltd.
Rating: 3
Author: KRChoksey

Keep track of all breaking news on Supreme Petrochem Ltd. from all sources in a single place.

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Supreme Petrochem Ltd.

29 Jan 2024

627.55

1.67%

Flat revenue growth and decline in profitability; Maintain Hold

Hold: Supreme Petrochem Ltd.

KRChoksey

For Q3FY24, Supreme Petrochem reported revenue of INR 11,877 Mn which grew 0.6% YoY but declined 7.0% QoQ. The subdued growth reflected the weakness in exports to USA and Europe, including Turkey, which were adversely impacted due to the danger of potential attacks on commercial ships in the Red Sea.

Supreme Petrochem Ltd. is trading below its 100 day SMA of 656.7

Supreme Petrochem Ltd.

21 Jan 2024

627.55

1.67%

Supreme Petrochemicals Q3 FY24 Results Live: Profit Falls by 24.47% YoY

livemint

Supreme Petrochemicals Q3 FY24 Results Live: Revenue Increased by 0.62% YoY & Profit Decreased by 24.47% YoY

Supreme Petrochem Ltd. has an average target of 877.00 from 1 broker.

Supreme Petrochem Ltd.

21 Dec 2023

627.55

1.67%

Supreme Petrochem ConCall with Management and Analysts

Conference Call with Supreme Petrochem Ltd. Management and Analysts on Performance and Outlook. Listen to the full concall transcript.

Supreme Petrochem Ltd.

20 Dec 2023

627.55

1.67%

Supreme Petrochem resumes production at Chennai plant

Business Line

Company's stock down 0.84 per cent in afternoon session

Supreme Petrochem Ltd. has lost -28.28% in the last 6 Months

Supreme Petrochem Ltd.

22 Nov 2023

627.55

1.67%

An increase in volume and growth in the domestic EPS segment drives the topline

Hold: Supreme Petrochem Ltd.

Recommendation Target

KRChoksey

For Q2FY24, Supreme Petrochem’s revenue grew by 3.5% YoY and 4.3% QoQ to INR 12,777 Mn, due to increase in domestic sales volume of 22.7% YoY and 3.9% QoQ while total volume increased by 62.6% YoY and 12.7% QoQ. In H1FY24, the revenue declined by 7.9% YoY to INR 25,028 Mn but the total volume for H1FY24 grew by 17.6% YoY to 1,58,000 MT.

Supreme Petrochem Ltd. has an average target of 877.00 from 1 broker.

Supreme Petrochem Ltd.

02 Aug 2023

627.55

1.67%

Buy Supreme Petrochemical; target of Rs 482: KR Choksey

Moneycontrol

KR Choksey is bullish on Supreme Petrochemical has recommended buy rating on the stock with a target price of Rs 482 in its research report dated August 01, 2023.

Supreme Petrochem Ltd. has an average target of 877.00 from 1 broker.

Supreme Petrochem Ltd.

01 Aug 2023

627.55

1.67%

Correction in raw material prices led to destocking of products

Buy: Supreme Petrochem Ltd.

Target

KRChoksey

In Q1FY24, SPL revenue from operation stood at INR 12,251 Mn, which de-grew by 11.7% QoQ and declined by 17.5% YoY. The decline in revenue is mainly attributable to correction in the price of Styrene Monomer which is the primary raw material. The correction in raw material prices led to destocking of inventory at the industry level and resulting into a dip in production volumes.

Supreme Petrochem Ltd. has an average target of 877.00 from 1 broker.

Supreme Petrochem Ltd.

02 May 2023

627.55

1.67%

Buy Supreme Petrochem; target of Rs 467: KR Choksey

Moneycontrol

KR Choksey is bullish on Supreme Petrochem has recommended buy rating on the stock with a target price of Rs 467 in its research report dated April 29, 2023.

Supreme Petrochem Ltd. average weekly volume is high.

Supreme Petrochem Ltd.

29 Apr 2023

627.55

1.67%

Stabilisation in realization, revenue growth will lead by increase in volume

Buy: Supreme Petrochem Ltd.

Target

KRChoksey

In Q4FY23, Supreme Petrochem Ltd (SPL) revenue from operation stood at INR 13,869mn, grew by 17.5% QoQ and declined by 7.5% YoY. Sequential growth in the revenue is mainly attributable to the 17.8% QoQ growth in the volume; whereas realization was almost stagnant on a sequential basis.