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Supreme Industries Ltd., incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 23090.31 Crore) operating in Plastics sector.

As of 30-Jun-2022, promoters held 14.72 per cent stake in the company, while FIIs held 23.76 per cent and domestic institutional investors had 28.0 per cent.

On the technical charts, the RSI of the stock stood at 55.33.

A total of 5,838 shares changed hands on the counter till 02:05PM (IST)

Investors are also awaiting a likely 75 basis point Federal Reserve interest rate increase later this week - with markets pricing about a 10% risk of a larger hike, as well as waiting to see whether economic warning signs prompt a shift in rhetoric.

Indian IT firms have been among the biggest beneficiaries of the IT deal consolidations in the last two years. At least half of the top global deals were snagged by Indian IT players.HfS Research’s data shows that Infosys won a $3.2 billion deal from Daimler and a $1.

Stocks that were in focus include Tech Mahindra which was down over 1 per cent ahead of its June quarter results while Reliance Industries fell more than 3 per cent post Q1 results.

Asian Paints, Larsen & Toubro, Bajaj Auto, Tata Power Company, United Spirits, Union Bank Of India, Relaxo Footwears, KEI Industries, UTI Asset Management Company and Symphony are among companies that will announce their quarterly earnings today

"During intervals of depreciating rupee sectors that are driven by exports tend to benefit like pharma, textile, engineering, sugar, chemicals, and software services. Import-dependent sectors like refineries, steel and industrial gases, airlines, jewellery, cement, and fertilizers are impacted since these companies are exposed to rising input costs that will add pressure to their margins."

“I feel they are significantly degrading the value Zomato has built over the years after overpaying. They are going to pay roughly Rs 7,500 crore in total for the Blinkit acquisition – Rs 4,500 crore in stock and Rs 3,000 crore in combined losses that they are going to have to fund for whatever they have already funded plus another 18 months. It is not worthwhile for a company like Zomato which was heading closer to a point of getting positive EBITDA.”