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We retain a Buy on Supreme Industries Limited (SIL) with an unchanged PT of Rs. 5,700. The recent correction due to falling PVC prices provides a good buying opportunity
Continuous EBITDA deterioration due to low PVC Prices, and higher PEx multiples are not sustainable. Therefore, we retain our HOLD rating with TP Rs 1,800/share.
We retain BUY on Astral with a revised PT of Rs. 2,150, factoring downwardly revised estimates and valuation multiple owing to near-term demand sluggishness.