Greenply Industries gained 4.17% to Rs 900.20 at 15:15 IST on BSE after credit ratings firm CARE upgraded long and short term credit ratings of the company.
The announcement was made during trading hours today, 24 September 2015.
Meanwhile, the S&P BSE Sensex was up 38.50 points or 0.15% at 25,861.49
On BSE, so far 284 shares were traded in the counter as against average daily volume of 9,584 shares in the past one quarter.
The stock hit a high of Rs 920 and a low of Rs 875 so far during the day. The stock had hit a 52-week low of Rs 699 on 17 December 2014. The stock had hit a record high of Rs 1,276.80 on 7 November 2014.
The stock had underperformed the market over the past one month till 23 September 2015, falling 8.06% compared with Sensex's 5.64% fall. The stock, however, outperformed the market in past one quarter, rising 1.31% as against Sensex's 7.13% fall.
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The small-cap company has equity of Rs 12.07 crore. Face value per share is Rs 5.
Credit ratings firm Credit Analysis & Research (CARE) upgraded long term banking facilities of Greenply Industries to CARE AA- and short term banking facilities of the company to CARE A1+. CARE also upgraded short term debt (including commercial paper) of Greenply Industries to CARE A1+.
Greenply Industries' net profit rose 14.7% to Rs 26.70 crore on 15.1% rise in net sales to Rs 380.75 crore in Q1 June 2015 over Q1 June 2014.
Greenply Industries is a leader in the manufacturing and marketing of a wide range of interior infrastructure products.
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