Thanks to the strengthening economic conditions and strong FII inflows, Indian benchmark indices have managed to reach all-time highs on the bourses. While the indices set new records in back-to-back trading sessions, many stocks gained strength, reflecting market optimism, and reached 52-week highs. In particular, the shares of Supreme Industries drew attention from investors due to their robust uptrend and back-to-back new 52-week highs. The question is whether it is appropriate to ride the bull. Let’s discover more about the company, its financial performance, the prospects for the industry it belongs to and the most recent developments.
Supreme Industries, founded in 1942, is one of India’s leading manufacturers of plastic products today. It began as a trading company before diversifying into the production of plastic items. The company manufactures products in a number of different product categories, including plastic piping systems, cross-laminated films and products, protective packaging products, industrial moulded components, moulded furniture, storage and material handling products, performance packaging films, and composite LPG cylinders. The company’s products are used in a range of industries, including automotive, construction, electrical and agricultural.
Esta historia es de la edición July 31, 2023 de Dalal Street Investment Journal.
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Esta historia es de la edición July 31, 2023 de Dalal Street Investment Journal.
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