Greenply Industries rose 2.58% to Rs 340 at 11:33 IST on BSE after Reliance Mutual Fund purchased stake in the company via bulk deal on BSE on Friday, 15 December 2017.
Meanwhile, the S&P BSE Sensex was up 234.64 points, or 0.70% to 33,697.61.On the BSE, 25,000 shares were traded in the counter so far, compared with average daily volumes of 2.49 lakh shares in the past two weeks. The stock had hit a high of Rs 360 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 329.35 so far during the day. The stock hit a 52-week low of Rs 238.30 on 26 December 2016.
Reliance Mutual Fund bought 9.90 lakh shares, or 0.81% equity, of Greenply Industries at Rs 335 each via bulk deal on BSE on Friday, 15 December 2017.
Net profit of Greenply Industries rose 3.7% to Rs 36.38 crore on 2.1% rise in net sales to Rs 446.10 crore in Q2 September 2017 over Q2 September 2016.
Greenply Industries is engaged in the business of manufacturing plywood and medium density fiberboards (MDF).
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