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ā¢ ICICI Securities has recommended a reduce rating on Supreme Industries with a target price of Rs 3845.
ā¢ In Q2FY24, Supreme Industries reported a 23.2% YoY growth in blended plastics volume, driven by a 29.9% YoY growth in the pipes segment.
ā¢ The company has revised its guidance for blended plastic volume growth to 23% YoY and pipes volume growth to 28% YoY for FY24.