SUPREMEIND - Swing Trade Analysis with AI Signals
← Back to ListKey Parameters
⭐ Swing Trade Rating: 3.2
✅ Positive
Supreme Industries demonstrated strong earnings growth in the latest quarter, with PAT rising by 39% year-over-year and exceeding analyst expectations. The company also maintains a healthy debt-to-equity ratio, indicating financial stability.
⚠️ Limitation
The high P/E ratio of 47.6 suggests the stock may be overvalued relative to its earnings, and the PEG ratio of 7.81 further reinforces this concern. Fluctuations in profitability as seen in previous quarters warrant caution.
📉 Company Negative News
Recent news indicates that analysts are revising their forecasts upwards following the Q1 results, suggesting a potential for continued positive momentum but also potentially inflated expectations. The stock price is currently trading at a premium compared to the industry average P/E ratio of 21.0.
📈 Company Positive News
None found
🏭 Industry
The packaging and plastics industry is generally considered stable with moderate growth driven by increased demand from various sectors like consumer goods, automotive, and industrial applications. However, cyclical factors and raw material price fluctuations can significantly impact profitability.
🧾 Conclusion
A potential entry point could be around 3,400 ₹ based on the current DMA 50 and recent momentum. For exit guidance, consider a target of 3,800 ₹ if the stock maintains its upward trend or 3,200 ₹ if there is a significant pullback due to the high P/E ratio and potential for overvaluation; overall, this appears suitable for swing trading with moderate risk.