Supreme Petro hits record high in a weak market; up 38% thus far in April

SPL's capacity expansion plans in the polystyrene and expandable polystyrene (EPS) segments, along with healthy demand, will support healthy volume growth over the medium term, CRISIL said

Shares of Superme Petrochem (SPL) hit an all-time high of Rs 580 on the BSE after rallying 12 per cent in intra-day trade on Monday in an otherwise weak market. The stock surpassed its previous high of Rs 534.95, touched on April 12.

At 12:04 pm, it was trading 6 per cent higher at Rs 549, as compared to 2.4 per cent decline in the S&P BSE Sensex. Thus far in the month of April, the market price of Supreme Petrochem jumped 38 per cent, against 3.6 per cent fall in the benchmark index.

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