Long
A good time to buy Supreme PETROCHEM
Supreme Petrochem Ltd (SPL) is a petrochemical company engaged in the business of manufacturing Polystyrene, Compounds of Styrenics and other Polymers
SPL has over 50% market share in the polystyrene segment. It is the only domestic manufacturer of extruded PS foam board and styrene methyl methacrylate giving it a strong market position
SPL plans to enter the mass acrylonitrile butadiene styrene (ABS) market, with an initial capacity of around 60,000 tpa to 80,000 tpa by setting up a new line at the existing plant over FY22-FY24
Technically the stock has been creating a Darvas Box and consolidating inside the price range, but the price has broken out and created a 52 week high with volume
the stock can be considered for medium-term
Trade only after your DUE DILIGENCE
SPL has over 50% market share in the polystyrene segment. It is the only domestic manufacturer of extruded PS foam board and styrene methyl methacrylate giving it a strong market position
SPL plans to enter the mass acrylonitrile butadiene styrene (ABS) market, with an initial capacity of around 60,000 tpa to 80,000 tpa by setting up a new line at the existing plant over FY22-FY24
Technically the stock has been creating a Darvas Box and consolidating inside the price range, but the price has broken out and created a 52 week high with volume
the stock can be considered for medium-term
Trade only after your DUE DILIGENCE
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