Buy Supreme Petrochem; target of Rs 425: KRChoksey

KRChoksey' is bullish on Supreme Petrochem has recommended buy rating on the stock with a target price of Rs 425 in its research report dated July 26, 2017.

July 27, 2017 / 13:13 IST

26 Aug, 2025 12:21

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KRChoksey's research report on Supreme Petrochem

Supreme Petrochem Limited (SPL) is India’s largest producer and global supplier of Polystyrene (PS) which accounts for ~96% of its total revenue. SPL possesses two state of the art production facilities at – Amdoshi-Wangani, Maharashtra and Chennai, Tamil Nadu.

Outlook

we value the Company at a P/E multiple of 15x and arrive at the target price of INR 425 which is a 24% upside from CMP of INR 344 and valuations are subject to re-rating depending upon improvement in operating efficiencies. We assign a BUY rating for the stock.

For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Jul 27, 2017 01:13 pm

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