Supreme Industries' Stock Price Declines in Line with Sector Performance
On October 24, 2024, Supreme Industries, a major player in the plastic products industry, saw a -3.07% decline in its stock price, in line with the sector's overall performance. The stock is currently trading below its moving averages and MarketsMojo has a 'Hold' call. Despite this, the company remains a key player in the industry.
Supreme Industries, a leading player in the plastic products industry, saw a decline of -3.07% in its stock price on October 24, 2024. This was in line with the overall performance of the sector, as the company underperformed by -1.84%.
The stock call for Supreme Industries by MarketsMOJO is 'Hold', indicating a neutral stance on the company's performance. The day's low for the stock was Rs 4415.8, a decrease of -3.57% from the previous day's closing price.
In terms of moving averages, Supreme Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a downward trend in its stock price.
On a broader scale, Supreme Industries' 1-day performance was -3.17%, while the Sensex's performance was -0.02%. Similarly, the company's 1-month performance was -17.74%, while the Sensex's performance was -5.71%.
Despite the recent decline in stock price, Supreme Industries remains a largecap company in the plastic products industry. With a strong presence in the market, the company continues to be a key player in the industry. Investors are advised to hold their positions and monitor the company's performance in the coming months.
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