Analyst Rating Change
Sharekhan(Rank#69), one of India’s leading financial services companies, has assigned a Buy rating and a target price of INR 3000 on Supreme Industries, a leading player in India’s plastics industry. This rating reflects the company’s strong fundamentals, favorable industry trends, and potential for growth.
Supreme Industries is one of India’s largest plastic processors and has a diverse product portfolio that includes pipes, fittings, packaging materials, and consumer products. The company has a strong track record of growth, with a revenue CAGR of over 15% in the last five years.
Sharekhan’s analysis of Supreme Industries highlights the company’s strong competitive position in the Indian plastics industry, which is expected to grow at a CAGR of 10-12% over the next five years. The company’s diversified product portfolio and strong brand equity give it an edge over its competitors.
Sharekhan notes that Supreme Industries is well-positioned to benefit from the government’s initiatives to promote the use of plastics in various industries, including infrastructure, construction, and packaging. This is expected to drive demand for the company’s products and support its growth over the long term.
The analyst also highlights Supreme Industries’ focus on innovation and sustainability. The company has invested in R&D to develop new products and technologies that cater to changing customer needs and preferences. It has also implemented various sustainability initiatives to reduce its environmental footprint and enhance its social responsibility.
Sharekhan notes that Supreme Industries’ strong financial position and cash flow generation provide it with the flexibility to pursue growth opportunities through organic and inorganic means.
Sharekhan’s “Buy” rating and INR 3000 target price on Supreme Industries reflects the company’s strong fundamentals, favorable industry trends, and potential for growth. The company’s competitive position, diverse product portfolio, focus on innovation and sustainability, and strong financial position make it an attractive investment opportunity for investors looking to capitalize on the growth potential of India’s plastics industry.
SUPREMEIND Stock Forecast & Analysis
According to forecasts from 8 analysts, the average target price for Supreme Industries Limited stock over the next 12 months is INR 2,580. The average analyst rating for the stock is Buy. Stock Target Advisor’s analysis is Slightly Bullish based on 10 positive signals and 6 negative signals. The stock price for Supreme Industries Limited at the last closing was INR 2,572. The stock has changed by +1.45% over the past week, -6.70% over the past month, and +25.81% over the last year.
