India's Supreme Industries gains after deal to buy piping business

Supreme Industries

21/07/2025 08:53

** Shares of Supreme Industries SUPI.NS rise 3.1% to 4,347.9 rupees

** Piping products maker signs deal to acquire Wavin's Indian piping business for 3.1 billion rupees ($35.94 million)

** Analysts' avg rating on stock is "buy"; median PT is 4,150 rupees - data compiled by LSEG

** Stock down 7.5% YTD

($1 = 86.2490 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))