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CD Equisearch maintains ‘accumulate’ on Supreme Industries, target price Rs 1,615

Shares of Supreme Industries closed at Rs 1,389, down 0.3%.

Last Updated: Feb 20, 2020, 07.54 AM IST
CD Equisearch has maintained its ‘Accumulate’ rating on Supreme Industries with a target price of Rs 1,615. Renewed thrust on project implementation and reach of government programmes is expected to have a positive effect on the revenue of India PVC pipes and fitting market. Supreme Industries recently boosted its capex program with committed investments of some Rs 500 crore with main investments channelized in PVC pipes, PEX pipes and HDPE fittings. Shares of Supreme Industries closed at Rs 1,389, down 0.3%.

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