Supreme Industries Ltd.

NSE: SUPREMEIND | BSE: 509930 | ISIN: INE195A01028 | Industry: Plastic Products
| Expensive Performer

4146.20
-2.38%
CD Equisearch
Several factors pressured volumes of Supreme's plastic piping products business last quarter as its of take plunged by 25.5%, resulting in overall volume de-growth of 18% in plastic goods. Distributors rushed to destock their stocks in a big way post October after PVC prices started to drop sharply. Discounts were also offered to dealers in January and December to liquidate stocks. Demand for PVC pipes was also affected by extended rainfall and supply chain disruptions in CPVC pipe system. Thanks to Covid -19 restrictions affecting reopening of hotels and other outdoor...
Supreme Industries L.. has an average target of 4228.33 from 9 brokers.
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