Supreme Industries Shows Signs of Recovery Amid Broader Market Gains
Supreme Industries has experienced a notable uptick, reversing a three-day decline and outperforming its sector. The stock is currently trading above several moving averages, indicating mixed momentum. Meanwhile, the broader market, led by mega-cap stocks, has seen significant gains, with Supreme contributing positively to this trend.
Supreme Industries, a prominent player in the plastic products sector, has shown notable activity today, gaining 3.08% as of April 28, 2025. This performance marks a trend reversal for the stock, which had experienced three consecutive days of decline prior to today’s uptick. The stock reached an intraday high of Rs 3,590, reflecting a 3.46% increase at its peak.In terms of market performance, Supreme Industries has outperformed its sector by 1.67%. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages, indicating mixed momentum in the short to medium term.
On a broader market scale, the Sensex has risen sharply, climbing 641.35 points to reach 79,984.98, a 0.98% increase. Mega-cap stocks are leading this upward trend, with Supreme Industries contributing positively to the overall market performance. Over the past month, the stock has gained 4.76%, outperforming the Sensex, which has risen by 3.34% during the same period.
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