Supreme Petrochem Slips Post Q2; Trading Volume Surges

Shares of Supreme Petrochem Ltd. shed 7.47% in intraday trade to Rs 677 apiece after the company reported in September quarter numbers, post market hours Wednesday.

Supreme Petrochem Q2FY22 (Standalone, YoY)

  • Revenue up 72% at Rs 1,190.76 crore Vs Rs 694.05 crore
  • Net profit up 47% at Rs 127.07 crore Vs Rs 86.15 crore
  • Ebitda up 51% at Rs 176.01 crore Vs Rs 116.4 crore
  • Margin 14.8% Vs 16.8%
  • Company declared interim dividend of Rs 4 per equity share

Trading volume on the stock was 6.7 times the 30-day average volume, for this time of the day.

Shares of Supreme Petrochem crossed below the 50-day simple moving average, indicating potential downward price momentum.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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