Supreme Industries gains on securing LoA worth Rs 54 crore
Supreme Industries is currently trading at Rs. 4201.10, up by 4.10 points or 0.10% from its previous closing of Rs. 4197.00 on the BSE.
The scrip opened at Rs. 4210.05 and has touched a high and low of Rs. 4238.30 and Rs. 4186.90 respectively. So far 545 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 6264.40 on 10-Jul-2024 and a 52 week low of Rs. 3020.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 4339.25 and Rs. 4179.45 respectively. The current market cap of the company is Rs. 53468.15 crore.
The promoters holding in the company stood at 48.85%, while Institutions and Non-Institutions held 36.18% and 14.97% respectively.
Supreme Industries has received Letter of Acceptance (LoA) from Bharat Petroleum Corporation (BPCL) against its offer through Tender, for supply of 2,00,000 number of 10.0 Kg Composite LPG Cylinders. The total supply is expected to be valued at around Rs 54 crore.
The contract shall be valid for a period of 6 months from the date of placement of LoA. However, the same may be extended and/or repeated at sole discretion of BPCL for a further period of up to 6 months.
Supreme Industries is India's leading plastic processing company with seven business divisions. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding, Blow Moulding etc.
