Hold Supreme Industries; target of Rs 1018: Geojit

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Hold Supreme Industries; target of Rs 1018: Geojit

Geojit’s research report on Supreme Industries

Supreme Industries Ltd (SIL) is India’s leading player in plastic products; the wide range of offering includes Plastic Piping system, Packaging, Industrial and Consumer products. Despite 10% YoY revenue growth in Q3FY19, PAT declined by 22% YoY due to weak operating performance. Volume growth was muted at 4% YoY due to poor performance of packaging segment and industrial segment.

Outlook

However, given weak earnings outlook in the near term we downgrade SIL to “Hold” from “Accumulate” with a target price of Rs1,018.

For all recommendations report, click here

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Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

2019-03-10 01:47:50

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

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