Supreme Industries surges 16%, joining MSCI Global Standard Index

Supreme Industries has surged an impressive 83% in the current calendar year, outperforming the 7% rise in the S&P BSE Sensex. The company's shares reached an all-time high of ₹4,480, catapulting 16% in Friday's intraday trade on the BSE. The meteoric rise was further fueled by the announcement from MSCI, a leading global index provider, that Supreme Industries is set to be included in the prestigious MSCI Global Standard Index effective September 1, 2023.

Projected Inflows for Supreme Industries and Fellow Entrants

Recent projections from Nuvama Alternative and Quantitative Research indicate that Supreme Industries, along with other entrants such as Power Finance Corporation (PFC), HDFC Asset Management Company (AMC), IDFC First Bank, and more, is poised to witness substantial inflows. Nuvama's analysis predicts inflow values of $204 million for IDFC First Bank, $196 million for Ashok Leyland, $173 million for Cummins India, and $170 million for Astral. Additionally, PFC and HDFC AMC are anticipated to experience significant inflows of $203 million and $153 million, respectively. However, ACC, the cement manufacturer, faces exclusion from the index, leading to an outflow of $92 million.

Supreme Industries: Unveiling Product Expansion and Bullish Trajectory

Supreme Industries, hailed as India's premier plastics product manufacturer, is capitalizing on multiple growth fronts. The company's foray into the furniture business is gaining traction, driven by favorable factors such as softened PP prices and the introduction of premium products. In the auto sector's Industrial Component division, the Passenger Vehicle segment is experiencing a bullish trend, buoyed by the approaching festive season and an optimistic economic outlook.
Market experts have analyzed the situation, with 13 analysts recommending a 'buy' rating, 10 recommending a hold, and five suggesting sell. 

Supreme Industries' Historical Performance: A Legacy of Growth and Resilience

Supreme Industries' journey in the stock market has been one of resilience and growth, with gains registered in eight out of the last ten trading sessions. The stock has surged by over 30% in the past month alone, contributing to an impressive year-to-date progress of 70%. With a track record of consistent performance since 2002, the company has proved itself as a dependable wealth generator for shareholders.

Supreme Industries Q1 Results

Supreme Industries has just revealed its strong Q2 2023 financial results, showing impressive growth. Net sales reached ₹2,368.58 crore, up 7.37% from last year, highlighting strong demand. The company's quarterly net profit rose to ₹215.54 crores, a 0.79% increase, and EBITDA surged by 22.79% to ₹335.79 crores in June 2023, showcasing effective strategies. Earnings Per Share (EPS) also rose to ₹16.97 in June 2023 from ₹16.84 in June 2022, focusing on delivering value to shareholders.