Jefferies has maintained a Buy rating on Supreme Industries with a target price of ₹6,450, indicating a potential upside of 35.5%. The brokerage cited healthy volume recovery and strong market positioning as key growth drivers.
Key highlights from Jefferies’ report:
- Volume recovery: The company is expected to witness a significant recovery in H2FY25, outperforming peers.
- Market share gains: Strong growth in plumbing, agriculture, and infrastructure segments is expected to support further market share expansion.
- Earnings growth: Estimated 22% EPS CAGR over FY24-27, reflecting robust financial performance.
Jefferies views Supreme Industries as a compelling play on structural growth in key sectors, supported by its market leadership and financial strength.
Disclaimer: These articles are for informational purposes only and do not constitute investment advice. Please consult a financial advisor before making any investment decisions.