Supreme Industries Faces Continued Decline Amid Broader Market Challenges

Supreme Industries, a prominent player in the plastic products sector, has faced notable challenges today, with a decline of 3.33% on January 13, 2025. This downturn is part of a broader trend, as the stock has lost 5.91% over the past two days. On this particular day, it reached an intraday low of Rs 4373.1, marking a decrease of 3.37%. In terms of relative performance, Supreme Industries has underperformed compared to its sector, which recorded an overall decline of 2.88%. The stock's one-day performance was -3.44%, contrasting with the Sensex's decline of 0.73%. Over the past month, Supreme Industries has experienced a more substantial drop of 9.02%, while the Sensex fell by 6.48%. Moreover, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prolonged period of underperformance in the market. These trends highlight the challenges facing Supreme Industries in the current financial landscape.