India's Supreme Industries rises on higher Q3 revenue

Investec

22/01/2026 07:04

** Shares of India's Supreme Industries SUPI.NS jump 2.93% to 3447.70 rupees

** Piping products maker posted a 7% y/y increase in quarterly revenue to 26.87 bln rupees ($293.36 mln) on Wednesday

** Brokerage BobCaps upgrades to "buy", raises PT to 4400 from 4350, citing improving demand outlook and stabilising PVC prices

** Investec retains "hold" on co due to softer demand outlook and a second straight cut in FY26 margin guidance

** Stock on track to snap a three-session losing streak

** SUPI rated "Buy" on avg by 28 analysts covering it; median PT at 4030 rupees- data compiled by LSEG

** 221,629 shares traded on the day so far, vs 30-day avg of 250,462 shares

** SUPI fell ~29% in 2025, YTD stock trading flat

($1 = 91.5940 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))