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
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read More First Published on Mar 7, 2019 02:45 pm
No comments:
Post a Comment