Supreme Industries' Stock Reaches All-Time High, Outperforms Sector and Sensex
Supreme Industries, a leading player in the plastic products industry, has reached a new 52-week high of Rs. 5850 on June 6, 2024, with a remarkable 10.45% returns in the past two days. The stock is currently trading higher than its moving averages and has outperformed the sector and Sensex, showcasing its strong fundamentals and growth potential.
Supreme Industries, a leading player in the plastic products industry, has been making headlines with its impressive performance in the stock market. On June 6, 2024, the company's stock price reached a new 52-week high of Rs. 5850, which is also an all-time high for the company. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.
The stock has been on a winning streak for the past two days, outperforming the sector by 3.25%. In this period, it has gained a remarkable 10.45% returns. The intraday high of Rs. 5850, which is a 6.05% increase, further solidifies the company's strong performance. In fact, Supreme Industries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.
The plastic products sector has also seen a gain of 2.91%, further highlighting the positive sentiment towards the industry. In comparison, Supreme Industries has outperformed the Sensex by a significant margin, with a 1-year performance of 102.54% compared to Sensex's 19.64%.
This impressive performance of Supreme Industries is a testament to the company's strong fundamentals and growth potential. With its consistent growth and positive outlook, it is no surprise that the stock has caught the attention of investors and market experts. As the company continues to make strides in the plastic products industry, it is definitely one to watch out for in the stock market.
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