Stock of Interest

Posted On: October 5, 2023

Stock Report: SUPREMEIND(NSE) 04 Oct 2023

Supreme Industries Ltd is an Indian plastic processor company. The company is engaged in the manufacturing of plastic products. The company operates in five segments namely Plastics piping systems, Consumer products, Industrial Products, Packaging Products and Other Products. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding and Blow Moulding. The company mainly earns its revenue from the sale of plastic products.

#xCalData predicts that # SUPREMEIND will continue its bearish phase over the next five days and trend within the range of 3850 to 4133. 

In comparison to the previous month, the price of the stock has experienced a decline of 11.28% indicating a bearish. 

The Stock has doubled twice since 16 Jan 2015 and took an average of 3.4 years to double.   

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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