Revival in realty, industrial segment to support Supreme Industries' stock

Strong demand for plastic pipes, higher value-add mix drive earnings upgrade

Shares of India’s largest plastic pipe maker, Supreme Industries rallied more than 3 per cent intraday on Wednesday after delivering better than expected results in the October to December (Q3) period. The stock ended the trading session with gains of around 2.7 per cent in an overall weak market. 

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