Supreme Infrastructure India Ltd Sees Strong Buying Activity Amid Positive Momentum

Supreme Infrastructure India Ltd is witnessing significant buying activity, with the stock rising by 4.85% today, outperforming the Sensex, which gained 1.04%. This marks a continuation of positive momentum, as the stock has recorded consecutive gains over the past week (5.39%), month (8.77%), and three months (15.57%). Over the past year, Supreme Infrastructure has increased by 21.22%, significantly outpacing the Sensex's 6.11% rise. The stock opened with a gap up of 3.09% and reached an intraday high of Rs 101.7. Despite a year-to-date decline of 25.98%, the stock's three-year performance stands out with an impressive increase of 930.40%, compared to the Sensex's 59.33%. Factors contributing to the current buying pressure may include recent developments in the construction sector, investor sentiment, or company-specific news. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, indicating short-term strength, although it remains below its 100-day and 200-day moving averages. This performance highlights the stock's volatility and potential recovery trajectory in the context of broader market trends.