Supreme Industries’s share witnessed a significant surge on the National Stock Exchange (NSE) today, reaching 4% to Rs 5,437.00.
The stock stock opened at ₹5,225.00. The share price hit a day high of ₹5,480.00 and a low of ₹5,224.00.
Earlier this week, an international brokerage Jefferies favours Supreme Industries over Astral Pipes.
Jefferies noticed that Supreme Industries’ volume growth in the pipes market has consistently surpassed Astral Pipes. Furthermore, Supreme’s two-year volume CAGR is 33 percent, compared to Astral Pipes’ 24 percent during the same time period. As a result, Jefferies gave its ‘buy’ rating on Supreme Industries, with a target price of Rs 6,520 per share.
As of 11:03 am, Supreme Industries shares were trading 3.02% higher at Rs 5,388.80 on the NSE.
