Greenply Industries rose 5.14% to Rs 272.10 at 11:00 IST on BSE after the company said that MSCI added the company in MSCI Global Small Cap Indexes after making changes to constituents in these indices.
The announcement was made after market hours yesterday, 16 November 2016.Meanwhile, the S&P BSE Sensex was up 10.90 points or 0.04% at 26,309.59.
On BSE, so far 1,124 shares were traded in the counter as against average daily volume of 15,253 shares in the past one quarter. The stock hit a high of Rs 273.35 and a low of Rs 259.20 so far during the day. The stock had hit a record high of Rs 306.30 on 1 November 2016. The stock had hit a 52-week low of Rs 152 on 18 January 2016. The stock outperformed the market over the past one month till 16 November 2016, dropping 4.47% compared with the Sensex's 4.97% fall. The scrip also outperformed the market in past one quarter, declining 1.58% as against the Sensex's 6.29% decline.
The mid-cap company has equity capital of Rs 12.26 crore. Face value per share is Rs 1.
Greenply Industries said that the change in constituents for the MSCI Global Small Cap Indexes will take place as of the close of 30 November 2016.
MSCI is a leading provider of benchmark indices and risk management analytics products. Many global mutual funds passively track MSCI indices. Hence any addition or deletion of a stock or change in weightage of a stock in MSCI indices will require the fund tracking MSCI indices to make adjustment to its portfolio.
Greenply Industries' net profit rose 28.3% to Rs 35.09 crore on 8.5% growth in net sales to Rs 434.63 crore in Q2 September 2016 over Q2 September 2015.
Greenply Industries is into manufacturing and marketing of a wide range of interior infrastructure products.
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