The stock hit its 52-week high of Rs 488.35 today. The counter has surged 41.96% from its 52-week low of Rs 336.50 hit on 28 October 2022.

On the BSE, 1.16 lakh shares were traded in the counter so far compared with average daily volumes of 17,826 shares in the past two weeks.

The stock had outperformed the market over the past one month, jumping 30.86% compared with 2.86% rise in the Sensex.

The scrip outperformed the market in past one quarter, advancing 29.88% as against Sensex's 9.33% increase.

However, the counter had underperformed the market in past one year, rising 11.57% as against 20.87% jump in Sensex.

On the technical front, the stock's daily RSI (relative strength index) stood at 86.736. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

In daily chart, the stock is trading above its 50, 100 and 200 days simple moving average (SMA) placed at 376.75, 375.89 and 379.26 respectively. These levels will act as crucial support zones in near term.

Supreme Petrochem (SPL) manufactures polystyrene, expandable polystyrene and extruded polystyrene. It has a polystyrene manufacturing plant at Nagothane in Raigad, Maharashtra. Apart from the primary business of polystyrene and expandable polystyrene production, SPL imports styrene monomer and trades in the domestic market.

The petrochemical company's net profit tumbled 29.1% to Rs 159.81 on 7.4% decline in revenue from operations to Rs 1,177.39 crore in Q4 FY23 over Q4 FY22.