Supreme Petrochem Hits 52-Week Low Amid Sustained Downward Trend in Chemicals Sector

Feb 28 2025 10:06 AM IST
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Supreme Petrochem has reached a new 52-week low, reflecting significant underperformance compared to its sector. The stock is trading below multiple moving averages, indicating a sustained downward trend. Over the past year, it has declined notably, contrasting with the overall market's modest gains.
Supreme Petrochem, a midcap player in the chemicals industry, has experienced significant activity today, reaching a new 52-week low of Rs. 548. This decline marks a notable underperformance, as the stock has lagged behind its sector by 1.34%. Throughout the trading session, Supreme Petrochem touched an intraday low of Rs. 548, reflecting a decrease of 2.85%.

In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend. Over the past year, Supreme Petrochem has faced challenges, with a performance decline of 25.22%, contrasting sharply with the Sensex, which has seen a modest increase of 1.79%.

These metrics highlight the ongoing struggles of Supreme Petrochem in a competitive market environment, emphasizing the need for close monitoring of its performance and market position.
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