Shares of India’s largest plastic pipe maker Supreme Industries are up over 3 per cent over the past two consecutive sessions in a weak market, after the firm delivered better-than-expected results in the October-December (Q3) period.
The company’s revenues in the third quarter jumped close to 35 per cent to Rs 1,844 crore as compared to street expectation of Rs 1,554 crore. This was mainly driven by a healthy 10 per cent growth in volumes on the back of strong demand from the housing segment and was supported by revival in real estate demand.
India’s housing market, struggling with muted