Supreme Petrochem Ltd Hits Intraday High with 7.81% Surge on 27 Feb 2026

Intraday Trading Highlights

On the trading day, Supreme Petrochem Ltd recorded a significant gain of 7.81%, closing near its peak levels. The stock’s intraday high of Rs 704.4 represented an 8.49% rise from its previous close, underscoring strong buying interest throughout the session. This performance notably outperformed the S&P Bse Oil Gas sector, which itself hit a new 52-week high, and the Sensex, which declined by 0.54% to 81,803.28 points.

The stock’s upward momentum was supported by its position above key short- and medium-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages. However, it remained below the 200-day moving average, indicating some longer-term resistance. This technical setup suggests that while the stock is enjoying positive short-term momentum, it faces a critical level for sustained upward movement.

Performance Relative to Market Benchmarks

Supreme Petrochem Ltd’s intraday surge contrasts sharply with the broader market’s performance. The Sensex opened flat but soon declined by 417.20 points, reflecting a cautious market environment. Despite this, Supreme Petrochem Ltd outperformed the benchmark by over 8 percentage points on the day. Over the past week, the stock has gained 5.80%, while the Sensex fell 1.22%. Its one-month return stands at an impressive 38.37%, significantly ahead of the Sensex’s marginal decline of 0.07%.

Longer-term returns also highlight the stock’s strong trajectory. Over one year, Supreme Petrochem Ltd has delivered a 24.13% gain compared to the Sensex’s 9.64%. Its three-year and five-year returns are even more pronounced, at 87.41% and 244.60% respectively, dwarfing the Sensex’s 37.98% and 66.61% gains over the same periods. The ten-year performance is particularly striking, with the stock appreciating by 1297.50%, far exceeding the Sensex’s 253.30% increase.

Mojo Score and Rating Update

Supreme Petrochem Ltd currently holds a Mojo Score of 33.0, categorised under a Sell grade. This represents a downgrade from its previous Hold rating, effective from 03 Nov 2025. The downgrade reflects a reassessment of the stock’s risk-reward profile despite its recent price appreciation. The company’s Market Cap Grade is 3, indicating a mid-tier market capitalisation within its sector.

While the stock’s recent price action has been strong, the Mojo grading suggests caution, highlighting potential valuation or structural concerns that temper the enthusiasm generated by the intraday gains. This nuanced view is important for understanding the stock’s position within the broader petrochemicals sector and market.

Sector and Market Context

The petrochemicals sector, in which Supreme Petrochem Ltd operates, has shown resilience with the S&P Bse Oil Gas index reaching a new 52-week high on the same day. This sector strength contrasts with the broader market’s weakness, as the Sensex traded below its 50-day moving average, though the 50DMA remains above the 200DMA, signalling mixed technical signals for the benchmark index.

Supreme Petrochem Ltd’s outperformance of its sector by 9.04% on the day further emphasises its relative strength. The stock’s consecutive gains over the last two days have yielded an 8.48% return, reinforcing the current positive momentum in trading activity.

Technical Indicators and Moving Averages

The stock’s price action today was supported by its position above several key moving averages. Trading above the 5-day, 20-day, 50-day, and 100-day moving averages indicates short- to medium-term bullish momentum. However, the stock remains below its 200-day moving average, a longer-term trend indicator that often acts as a resistance level.

This technical configuration suggests that while the stock is currently enjoying strong buying interest and momentum, it may encounter resistance near the 200-day average. Traders and market participants will likely monitor this level closely in coming sessions to gauge the sustainability of the current rally.

Summary of Recent Price Performance

Supreme Petrochem Ltd’s recent price trajectory has been notably positive. The stock’s 1-day gain of 7.83% contrasts with the Sensex’s 0.54% decline. Over one week, the stock has advanced 5.80%, while the Sensex fell 1.22%. The one-month return of 38.37% is particularly strong, highlighting the stock’s outperformance in the near term.

Year-to-date, the stock has gained 8.63%, outperforming the Sensex’s 4.01% loss. These figures underscore the stock’s resilience and ability to generate returns even when the broader market is under pressure.

Market Capitalisation and Sector Placement

Supreme Petrochem Ltd is classified within the petrochemicals industry and sector, which has shown pockets of strength despite broader market volatility. The company’s Market Cap Grade of 3 places it in a moderate capitalisation bracket, which may influence liquidity and investor attention relative to larger peers.

The stock’s Mojo Grade downgrade to Sell, despite its strong price performance, reflects a complex interplay of factors including valuation, sector dynamics, and risk considerations. This duality between price action and rating highlights the importance of comprehensive analysis when assessing the stock’s current standing.

Conclusion

Supreme Petrochem Ltd’s strong intraday performance on 27 Feb 2026, marked by a 7.81% gain and an intraday high of Rs 704.4, stands out amid a broadly negative market environment. The stock’s outperformance relative to the Sensex and its sector, combined with supportive technical indicators, underscores robust trading momentum. However, the recent downgrade in Mojo Grade to Sell signals caution, suggesting that the stock’s valuation and risk profile warrant careful consideration despite the positive price movement.

Investors and market watchers will likely continue to monitor Supreme Petrochem Ltd’s price action in relation to key moving averages and sector trends to better understand the sustainability of its current gains.

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