The Mumbai-based producer and exporter of polystyrene polymer, Supreme Petrochem's stocks are rolling on the BSE, in the early hours of trade as the Company posted strong financials for the year ended on Mar 31, 2017. The stocks opened at Rs 415 per share, touched a high of Rs 447.20 per share; and a low of Rs 412.80 per share.

The company on April 26, 2017, posted its financial results, showcasing a 28.7% jump in Q4 (Jan-March) net profit at Rs 69.9 crore against Rs 54.3 crore, in the same quarter last fiscal. Total income of the company was up 4.9 % at Rs 953.8 crore versus Rs 909.4 crore. EBITDA spiked 28.1% at Rs 112.1 crore; and EBITDA margin was up at 11.7 %.

Stock view:

So far 1021439(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3828.72 crore.

The promoters holding in the company stood at 60.84 % while Institutions and Non-Institutions held 0.91 % and 38.25 % respectively.

The stock is currently trading above its 50 DMA.

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