Supreme Industries' Stock Sees Positive Trend, Outperforms Sector by 4.35%

Supreme Industries, a leading player in the plastic products industry, saw a positive trend in its stock performance on October 23, 2024. The company's stock gained 4.15%, outperforming the sector by 4.35%. This comes after three consecutive days of falling stock prices, indicating a possible trend reversal.

The stock opened with a gain of 2.71% and reached an intraday high of Rs 4655.9, a 3.96% increase from the previous day's close. However, it also touched an intraday low of Rs 4181.7, showing high volatility with an intraday range of 7.4%.

Supreme Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price. However, on a one-day and one-month basis, the company's stock has outperformed the Sensex, with a 3.53% and -14.68% performance, respectively, compared to the Sensex's -0.22% and -5.75% performance.

MarketsMOJO has given a 'Hold' call for Supreme Industries' stock, suggesting a neutral stance for investors. With a largecap size, the company remains a key player in the plastic products industry and its stock performance will continue to be closely monitored by investors.