India's Supreme Industries rises after $6.6 mln order win

Supreme Industries

27/06/2024 06:08

** Shares of Supreme Industries  SUPI.NS  rise as much as
3.9% to 5,995 rupees
    ** The plastic products maker said on Wednesday it has got a
letter of acceptance (LOA) from Indian Oil Corp  IOC.NS  for the
supply of composite cylinders valued at about 550 mln rupees
($6.6 mln)
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since April 26
    ** Avg rating of 20 analysts equivalent of "buy", median PT
is 4,970 rupees - LSEG data
    ** Stock up 40.8% so far this quarter vs fall of 6.8% in
March quarter
    ** Stock up 31.2% so far in 2024

   ($1 = 83.5100 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))