Supreme Petro
Technicals : at all time high.
Funda: 1.have 60 % market share in HIPS after shutdown of LG in 2020
2. almost 100% market for XPS and EPS
3. Entering ABS resin space which has 40% imports currently and balance supplied by Bhansali and old worn out bayer plant currently run by styrenix.
4. proven partnership management of taparia and raheja, wherein taparia increased stack by 4%
5. professionally run company.
6. stable demand for AC/washing machine/home appliance over next three to four years will keep resin demand going
Negative:- 1.available at 25 PE compare to historical avg of 12.
2, international over supply can spoil the show, commodity product.
Question:- can those three (one big and two small qualify as cup and handle and can this be a case to be considered as all time high candidate worth investing?
reply and comments highly appreciated
discl: invested
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