Supreme Petrochem Faces Significant Decline Amid Broader Market Challenges

Supreme Petrochem has experienced a significant decline today, with shares dropping by 5.26% as of April 4, 2025. This midcap company in the chemicals sector has underperformed compared to its industry, which has seen an overall decrease of 3.03%. The stock opened lower, down 2.45%, and reached an intraday low of Rs 593.9, marking a 5.44% drop at its lowest point.
In terms of moving averages, Supreme Petrochem is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past week, the stock has declined by 5.95%, while its performance over the last month shows a modest gain of 8.97%. However, the longer-term outlook reveals a 12.25% decrease over the past year.

The broader market has also faced challenges, with the Sensex falling sharply by 1.25% today, reflecting a negative sentiment across the board. As the market continues to navigate these fluctuations, Supreme Petrochem's performance remains closely tied to sector trends and overall market conditions.