Supreme Industries shares hit a five-month low after the company reported weak Q2 results; brokerages have cut targets, citing margin pressure and a slowdown in growth.

• Q2 PAT slumped 20% YoY, while revenue rose 5%; the early monsoon and Wavin-led depreciation hit agricultural piping sales.
• Antique Stock Broking retained “buy” but trimmed the target to ₹4,270, citing weaker margins and lower earnings expectations.
• Ambit Insights maintained “sell,” raising PT slightly to ₹3,308, flagging overreliance on plastic pipes despite possible long-term share gains.