Supreme Industries' Stock Sees Dip, But Remains Strong in Plastic Products Industry

Supreme Industries, a leading player in the plastic products industry, has recently faced a dip in its stock performance. On October 18, 2024, the company's stock saw a decline of -3.16%, underperforming the sector by -3.61%. However, this does not reflect the overall strength and potential of the company.

Despite the recent dip, MarketsMOJO has given a 'Buy' call for Supreme Industries' stock. This is a positive indication for investors, as MarketsMOJO is a trusted and reliable source for stock recommendations.

Taking a closer look at the price summary, we can see that the stock touched an intraday low of Rs 4941.6, which is a decline of -5.57%. However, the moving averages show that the stock is still performing well, with the 200 day moving average being higher than the current price. It is worth noting that the stock is lower than the 5 day, 20 day, 50 day, and 100 day moving averages, but this could also present a buying opportunity for investors.

In comparison to the Sensex performance, Supreme Industries' stock has seen a decline of -3.01% in the past day, while the Sensex has seen a positive performance of 0.27%. However, looking at the past month, Supreme Industries has outperformed the Sensex with a decline of only -5.12%, while the Sensex has seen a decline of -2.08%.

Overall, while Supreme Industries' stock may have faced a dip in its performance, it is still a strong and reliable company in the plastic products industry. With a 'Buy' call from MarketsMOJO and a positive long-term outlook, investors can have confidence in the company's potential for growth and success.