Friday, 19 July 2013

Supreme Industries soars on Rs 250 crore capital expenditure plan

Supreme Industries is currently trading at Rs. 367.70, up by 7.65 points or 2.12% from its previous closing of Rs. 360.05 on the BSE.

The scrip opened at Rs. 360.00 and has touched a high and low of Rs. 368.70 and Rs. 360.00 respectively. So far 2243 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 377.00 on 03-Jun-2013 and a 52 week low of Rs. 230.00 on 20-Jul-2012.

Last one week high and low of the scrip stood at Rs. 368.70 and Rs. 341.00 respectively. The current market cap of the company is Rs. 4674.59 crore.

The promoters holding in the company stood at 49.64% while Institutions and Non-Institutions held 22.89% and 27.47% respectively.

Supreme Industries has planned a capital expenditure of Rs 250 crore for FY14 to put up a plastic piping system and protective packaging system at Kharagpur in West Bengal.  The capex will also include the purchase of office premises at Delhi, Ernakulam, Hyderabad, Kolkata, Chennai and Indore besides other investments.

Besides, the company plans to increase its export business in the next 4-5 years to 7-8% of the total turnover as compared to 2.5-3% of the turnover at present. It expects a 14% growth in terms of volume during FY14.

About Supreme Industried:
Supreme Industries, incorporated in 1942, manufactures a wide range of polymers products. It offers a wide and comprehensive range of plastic products and operates in various segments including plastics piping systems, protective packaging products, industrial components, material handling systems and cross laminated polyethylene films.

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