⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
SUPREMEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | SUPREMEIND | Market Cap | 50,490 Cr. | Current Price | 3,976 ₹ | High / Low | 4,740 ₹ |
| Stock P/E | 63.8 | Book Value | 398 ₹ | Dividend Yield | 0.86 % | ROCE | 23.7 % |
| ROE | 18.1 % | Face Value | 2.00 ₹ | DMA 50 | 3,801 ₹ | DMA 200 | 3,883 ₹ |
| Chg in FII Hold | -1.43 % | Chg in DII Hold | 1.16 % | PAT Qtr | 158 Cr. | PAT Prev Qtr | 193 Cr. |
| RSI | 58.3 | MACD | 58.9 | Volume | 2,94,977 | Avg Vol 1Wk | 2,61,585 |
| Low price | 3,020 ₹ | High price | 4,740 ₹ | PEG Ratio | 29.4 | Debt to equity | 0.06 |
| 52w Index | 55.6 % | Qtr Profit Var | -11.8 % | EPS | 62.2 ₹ | Industry PE | 21.2 |
📊 Technical Analysis
- Chart Patterns: Stock correcting from highs of ₹4,740, currently stabilizing near ₹3,950–₹4,000 support. Resistance lies around ₹4,100–₹4,200.
- Moving Averages: Price (₹3,976) above both 50 DMA (₹3,801) and 200 DMA (₹3,883), confirming bullish bias.
- RSI: 58.3 — neutral to slightly bullish, showing balanced momentum.
- MACD: 58.9 — bullish crossover, indicating strong upward momentum.
- Bollinger Bands: Price near upper band, suggesting strength but risk of short-term pullback.
- Volume Trends: Current volume (2.95 Lakh) above 1-week average (2.61 Lakh), showing healthy participation.
📈 Momentum & Signals
- Short-term Momentum: Strong, supported by MACD bullish crossover and price above moving averages.
- Entry Zone: ₹3,900–₹3,950 (support region).
- Exit Zone: ₹4,100–₹4,200 (resistance region).
- Trend Status: Trending upward with bullish bias.
✅ Positive
- Strong ROCE (23.7%) and ROE (18.1%).
- Low debt-to-equity ratio (0.06), financially stable.
- DII holdings increased (+1.16%).
- Stock trading above both 50 DMA and 200 DMA, confirming medium-term strength.
⚠️ Limitation
- High P/E ratio (63.8) compared to industry average (21.2), indicating expensive valuation.
- PEG ratio at 29.4, showing stretched valuation relative to growth.
- FII holdings decreased (-1.43%).
- Quarterly PAT decline (₹158 Cr vs ₹193 Cr).
📉 Company Negative News
- Sequential profit decline (-11.8%).
- Valuation concerns with high P/E and PEG ratio.
📈 Company Positive News
- Strong efficiency metrics (ROCE 23.7%, ROE 18.1%).
- Low leverage ensures financial stability.
- Healthy dividend yield (0.86%).
🏭 Industry
- Plastics & industrial manufacturing sector PE at 21.2, showing moderate valuations compared to Supreme Industries’ premium pricing.
- Industry supported by infrastructure demand and packaging growth.
🔎 Conclusion
- SUPREMEIND is trending upward with strong technical signals.
- Entry near ₹3,900–₹3,950 support zone, exit around ₹4,100–₹4,200 resistance.
- Short-term momentum is bullish, but valuations remain stretched.
- Best suited for momentum traders; long-term investors should be cautious of high P/E and profit decline.