Supreme Industries share price share price has surged over 64 per cent over the last year till April 26 close while the equity benchmark Sensex has gained slightly over 22 per cent in the same period.
In Q4FY24, Supreme Industries Profit After Tax (PAT) surged by 126 basis points to reach Rs 314.48 crore, compared to Rs 310.56 crore recorded in Q4FY23. Additionally, the company witnessed a 16% year-on-year growth in revenue for the quarter ended March 2024, with revenue standing at Rs 2,609.61 crore compared to Rs 2,248.28 crore in Q4FY23.
Supreme Industries, a major player in the Indian plastic industry, expects strong growth in the plastic piping segment driven by demand from plumbing, government infrastructure programs, and real estate. The company has gained market share, plans to increase capacity, and has been re-rated by analysts.
Supreme Industries has signed a Memorandum of Understandings (MOUs) subject to due diligence with Parvati Agro Plast (Proprietorship Firm) and with a member belonging to the same family for acquisition of its PVC-O, HOPE, and PVC Pipes business, on slump sale basis.
Stocks to buy or sell today: Stock brokerages have come out with research reports on select stocks namely Supreme Industries, Bharat Electronics (BEL), Apcotex Industries and Vedant Fashions (VFL). Watch this Business Today Visual Story to know what brokerages said about these counters.