Supreme Industries breaks out of consolidation, signals strong upside potential

Over the past few months, Supreme Industries' stock price has been consolidating within a broad range of 3100-3600, consistently trading below its 200-day Exponential Moving Average (EMA) on the daily charts. Traders can buy for a target for 4,300–4,350 in the next few months,' Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
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5 days ago

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Supreme Industries extends gain in weak market; stock rallies 10% in 3 days

Supreme Industries was trading higher for the third straight day, surging 10% during this period and quoted at its highest level since January 3, 2025. SI Reporter Mumbai Share price of Supreme Industries today Shares of Supreme Industries hit an over five-month high at ₹4,178.30, gaining 4 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market. In comparison, the BSE Sensex was down 0.4 per cent at 81,463 at 12:53 PM. The stock of the plastic products company was trading higher for the third straight day, surging 10 per cent during this period. It was quoting at its highest level since January 3, 2025. In the past one month, Supreme Industries has outperformed the market by soaring 28 per cent, as compared to 0.75 per cent decline in the BSE Sensex. It has bounced back 56 per cent from its 52-week low of ₹3,020 touched on April 7, 2025. Supreme Industries Outlook Looking ahead, Supreme Industries aims to sustain its strong revenue growth, improve margins and optimize capital utilization and continue focus on efficiency in working capital management. The management is confident of outpacing industry growth by 3-4 per cent in FY26, targeting a 12-13 per cent volume increase. Further supporting this outlook is Supreme Industries' recent acquisition of Wavin Pipes business from Orbia Corporation, which adds 73,000MT to its capacity and will help scale its total pipe capacity from 0.87mn MT to 1mn MT in FY26. The management expects FY26 EBITDA margin at 14.5-15.5 per cent, higher than 13.7 per cent in FY25 led by robust volumes and better realizations. Due to the evolving geo-economic situation, exports from India to Europe, the US & erstwhile USSR countries are expected to improve in coming years. During the financial year 2025-26 (FY26), Supreme is poised to achieve a significant volume growth by aligning sales efforts to capture such new opportunities. Further, volume growth will come from expansion of business in current markets, by introducing new products & capturing high value project orders. An ongoing process of product improvement & obtaining product conformity certificates to varied international standards will continue substantiating commitment of Supreme towards quality, the company said in its FY25 annual report. The overall demand forecast for Agriculture and Housing is encouraging. The Central Government has announced three-fold increase in capital provision in the budget for the year 2025-26 compared to amounts spent in the year 2024-25 year for augmenting drinking water supply, Supreme Industries said in its annual report dated May 22, 2025. Meanwhile, Supreme Industries installed additional capacities by volume, additional Systems and SKUs in the existing system in the previous year. This will enable the company to enjoy adequate growth in Plastics pipe System business in current year commensurate with its installed capacity. In other segments, the company expects better business growth during the current year in Protective Packaging Products, and Composite Cylinder business compared to last year. Catch Stock Market Updates Today LIVE Elara Capital view on Supreme Industries Supreme Industries reported significantly lower-than-expected volume growth in its plastic piping segment, missing its 15-16 per cent target for FY25 amid continued weak demand environment. Demand recovery is imperative to meet FY26 management guidance of low- teen volume growth. Although achieving this appears challenging, stable PVC prices may aid channel restocking and support better performance. About Supreme Industries Supreme Industries is one of the leading plastic products manufacturing companies in India having 30 manufacturing facilities spread across the country, offering a wide and comprehensive range of plastic products in India. The company operates in various product categories viz. Plastic Piping System, Cross Laminated Films & Products, Protective Packaging Products, Industrial Moulded Components, Moulded Furniture, Storage & Material Handling Products, Performance Packaging Films and Composite LPG Cylinders.

Mint

6 days ago

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Shares to buy or sell: Sachin Gupta of 5paisa recommends CAMS, Oberoi Realty shares today

Stock market today: Indian stock markets began on a favourable note on Tuesday, maintaining the upward trend from the earlier session. Nevertheless, increasing geopolitical tensions in the Middle East are making investors globally anxious. The Nifty 50 index started at 24,977.85, rising by 31 points or 0.13%, while the BSE Sensex opened higher by 79 points at 81,869.47, reflecting a gain of 0.10% in initial trading. Analysts noted that while the market's momentum is positive, escalating tensions between the US and Iran could pose a significant concern. Sachin Gupta at 5paisa recommends two stocks on Tuesday — Computer Age Management Services Ltd (CAMS), and Oberoi Realty Ltd. The Nifty 50 index surged 227.9 points to close at 24,946.5, up 0.92%, as broad-based buying lifted the benchmark to a new high. The market sentiment remained overwhelmingly positive, with 44 of the 50 constituents ending in the green. The index has bounced back strongly on broad-based buying. All the sectoral indices were positive. It has breached both the near term and medium term trend lines. This suggests fresh support from the 20Days EMA. Nifty 50 has been in the 24,500 to 25,000 rectangle pattern for more than a month. Even after the recent breach of 25,000, it could not sustain the strength. As such, breaching these levels convincingly remains a key for near term outlook. Near term support and resistance are at 24,770/24,660 and 25,123/25,233. On shares to buy on Tuesday, Sachin Gupta recommends two stocks on Tuesday — Computer Age Management Services Ltd (CAMS), and Oberoi Realty Ltd. CAMS share price has recently rebounded from its 200-day Exponential Moving Average (EMA), a key long-term support level that often attracts fresh buying interest. This bounce also coincides with the 38.2% Fibonacci retracement level, suggesting that the recent pullback was a healthy correction within a broader uptrend. Furthermore, the price has moved above the middle Bollinger Band, indicating a shift in short-term momentum toward the upside. Based on these technical factors, CAMS appears well- positioned for further gains in the near term. Traders are advised to look for buying opportunities in CAMS around the ₹ 4,100–4,120 range, targeting 4,270 and 4,380 levels. A stop loss is recommended at ₹ 3,935 on a closing basis to manage risk effectively. On the weekly chart, Oberoi Realty share price has been hovering above the 50% retracement level, which continues to act as a strong immediate support area. On the daily chart, the price structure remains healthy, characterized by a series of higher tops and higher bottoms — a classic indication of an ongoing uptrend. Additionally, the stock recently took support at a rising trendline, further reinforcing the strength of its current bullish trajectory. This rebound is also backed by increasing volumes on the daily chart, highlighting renewed buying interest and accumulation at lower levels. Based on this technical structure, we anticipate continued bullish momentum in Oberoi Realty in the short term. On the downside, key support is seen around 1,830, while resistance is placed at 2,050 and 2,100 levels. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.