Recent Price Movement and Market Comparison
As of 08:17 PM on 24 December, Supreme Holdings & Hospitality Ltd’s stock price stood at ₹77.75, down by ₹0.63 or 0.8% on the day. This decline is part of a three-day losing streak, during which the stock has fallen by 3.83%. Over the past week, the stock has underperformed the benchmark Sensex, registering a loss of 0.96% compared to the Sensex’s 1.00% gain. The divergence is even more pronounced over longer periods: the stock has declined 4.81% in the last month while the Sensex rose 0.60%, and year-to-date, Supreme Holdings has fallen 19.26% against the Sensex’s 9.30% increase.
These figures highlight a persistent underperformance relative to the broader market, signalling challenges specific to the company or its sector that investors are factoring into their valuations.
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Technical Indicators Point to Weakness
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests a bearish trend, as the price remains under pressure without signs of immediate recovery. Such a pattern often discourages short-term traders and can lead to further selling if no positive catalysts emerge.
Investor Participation and Liquidity
Investor engagement appears to be waning, with delivery volume on 23 December recorded at 12,360 shares, a sharp decline of 72.26% compared to the five-day average delivery volume. This significant drop in investor participation indicates reduced conviction or interest in the stock, which can exacerbate price declines due to thinner trading activity. Despite this, the stock maintains sufficient liquidity, with trading volumes supporting transactions up to ₹0.01 crore based on 2% of the five-day average traded value, allowing for continued market activity without excessive price impact.
Long-Term Performance Context
While the recent performance has been disappointing, it is important to note that Supreme Holdings & Hospitality Ltd has delivered substantial gains over a five-year horizon, with a cumulative return of 461.37%, significantly outperforming the Sensex’s 81.82% over the same period. However, the stock’s three-year returns tell a different story, showing a decline of 29.80% compared to the Sensex’s robust 42.72% gain, signalling a period of relative weakness in the medium term.
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Summary and Outlook
The decline in Supreme Holdings & Hospitality Ltd’s share price on 24 December is consistent with a broader pattern of underperformance relative to the Sensex and its sector peers. The stock’s position below all major moving averages, coupled with falling investor participation, suggests that market sentiment remains cautious. While the company’s long-term track record includes impressive gains, recent trends indicate challenges that investors should monitor closely.
For those considering exposure to this microcap, it is essential to weigh the current technical weakness and subdued trading activity against the company’s historical performance and potential sector developments. Investors may also explore alternative opportunities with stronger momentum and fundamentals, as highlighted by recent analytical tools.
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