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Supreme Industries gains after bulk deal

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Supreme Industries rose 3.74% to Rs 912.10 at 15:05 IST on BSE after a bulk deal of 2.29 lakh shares was executed on the scrip at Rs 877 per share at 09:59 IST on BSE today, 7 June 2016.

Meanwhile, the BSE Sensex was up 238.80 points, or 0.89%, to 27,016.25

Bulk deal boosted volume on the scrip. On BSE, so far 3.25 lakh shares were traded in the counter, compared with an average volume of 11,748 shares in the past one quarter. The stock hit a high of Rs 924 and a low of Rs 875 so far during the day. The stock hit a record high of Rs 999 on 31 May 2016. The stock hit a 52-week low of Rs 540 on 25 August 2015. The stock had outperformed the market over the past one month till 6 June 2016, rising 7.88% compared with 6.14% rise in the Sensex. The scrip also outperformed the market in past one quarter, advancing 16.6% as against Sensex's 8.65% rise.

 

The large-cap company has an equity capital of Rs 25.41 crore. Face value per share is Rs 2.

Supreme Industries' consolidated net profit rose 12.1% to Rs 114.56 crore on 4.2% rise in net sales to Rs 1191.42 crore in Q3 March 2016 over Q3 March 2015.

Supreme Industries is India's leading processors of plastics, offering a wide and comprehensive range of plastic products in India.

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First Published: Jun 07 2016 | 3:13 PM IST

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