SUPREMEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | SUPREMEIND | Market Cap | 44,920 Cr. | Current Price | 3,540 ₹ | High / Low | 4,740 ₹ |
| Stock P/E | 49.3 | Book Value | 429 ₹ | Dividend Yield | 1.01 % | ROCE | 23.2 % |
| ROE | 17.5 % | Face Value | 2.00 ₹ | DMA 50 | 3,656 ₹ | DMA 200 | 3,805 ₹ |
| Chg in FII Hold | -2.11 % | Chg in DII Hold | 2.02 % | PAT Qtr | 382 Cr. | PAT Prev Qtr | 158 Cr. |
| RSI | 45.1 | MACD | -63.3 | Volume | 1,81,516 | Avg Vol 1Wk | 1,60,149 |
| Low price | 3,182 ₹ | High price | 4,740 ₹ | PEG Ratio | 7.11 | Debt to equity | 0.02 |
| 52w Index | 23.0 % | Qtr Profit Var | 46.1 % | EPS | 71.7 ₹ | Industry PE | 21.8 |
📊 Chart Analysis: SUPREMEIND is trading at ₹3,540, below both the 50 DMA (₹3,656) and 200 DMA (₹3,805), indicating short-term weakness. RSI at 45.1 suggests neutral momentum leaning bearish. MACD at -63.3 confirms negative momentum. Bollinger Bands show price near the lower band, reflecting selling pressure. Current volume (1.81L) is slightly above the 1-week average (1.60L), showing increased activity during the decline.
📈 Momentum Signals: Short-term momentum is bearish, but RSI indicates the stock is not yet oversold. MACD remains negative, suggesting caution.
💹 Support & Resistance: Strong support lies near ₹3,182 (recent low). Immediate resistance is at ₹3,656 (50 DMA) and ₹3,805 (200 DMA). Optimal entry zone: ₹3,450–₹3,500. Exit zone: ₹3,650–₹3,750.
🔄 Trend Status: The stock is currently consolidating downward with potential reversal signs if support near ₹3,182 holds.
Positive
- ✅ Strong ROCE of 23.2% and ROE of 17.5% indicate efficient capital use.
- ✅ EPS of ₹71.7 supports valuation strength.
- ✅ Dividend yield of 1.01% provides steady returns.
- ✅ Very low debt-to-equity ratio of 0.02 shows financial stability.
- ✅ PAT improved significantly from ₹158 Cr. to ₹382 Cr. (+46.1%).
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA, showing weak technical strength.
- ⚠️ High P/E of 49.3 compared to industry P/E of 21.8, suggesting premium valuation.
- ⚠️ PEG ratio of 7.11 indicates expensive growth expectations.
Company Negative News
- 📉 FII holdings decreased by -2.11%, showing reduced foreign investor confidence.
- 📉 Stock trading at only 23% of its 52-week index, reflecting underperformance.
Company Positive News
- 📈 DII holdings increased by 2.02%, showing strong domestic investor support.
- 📈 Sequential profit growth highlights improving operational performance.
Industry
- 🏭 Plastics & industrial products sector trading at industry P/E of 21.8, lower than SUPREMEIND’s P/E of 49.3, suggesting premium valuation.
- 🏭 Sector supported by infrastructure demand and industrial expansion.
Conclusion
📌 SUPREMEIND is consolidating downward, trading below key moving averages with bearish MACD. Entry around ₹3,450–₹3,500 with exit near ₹3,650–₹3,750 offers a cautious setup. Fundamentals show strong efficiency, low debt, and improving profits, but high valuation multiples and reduced foreign investor interest are concerns. The stock may stabilize if support near ₹3,182 holds.
For broader context, you could explore a plastics sector outlook or compare SUPREMEIND with peers through a valuation comparison.