India's Supreme Industries highest in over 1 month on Q4 results

Supreme Industries

28/04/2023 09:33

** Shares of Supreme Industries Ltd  SUPI.NS  rise as much
as 3.5% to 2,740 rupees, their biggest intraday pct gain since
March 20
    ** Plastic products manufacturer's March-qtr consol profit
after tax up 9.3% to 3.59 bln rupees($43.88 million), consol
revenue from operations 25.98 bln rupees vs 25.57 bln rupees a
yr ago
    ** Co recommended final dividend of 20 rupees per share
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~99,100 shares, slightly below the
30-day avg as of 1:45 p.m. IST 
    ** Average rating of 23 analysts covering stock close to
equivalent of 'buy'; median PT is 2,670 rupees - Refinitiv data
    ** Up to last close, stock was up 8% so far this year

($1 = 81.8150 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))