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Greenply Industries jumps on stock-split plan

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Capital Market

Greenply Industries rose 4.25% to Rs 996 at 09:40 IST on BSE after the company said its board of directors will meet on 28 October 2015, to consider 5-for-1 stock split.

The announcement was made after market hours yesterday, 13 October 2015.

Meanwhile, the BSE Sensex was down 23.79 points, or 0.09%, to 26,822.74.

On BSE, so far 549 shares were traded in the counter, compared with an average volume of 9,040 shares in the past one quarter.

The stock hit a high of Rs 996 and a low of Rs 970.20 so far during the day. The stock hit a record high of Rs 1,276.80 on 7 November 2014. The stock hit a 52-week low of Rs 699 on 17 December 2014.

 

The stock had outperformed the market over the past one month till 12 October 2015, rising 7.06% compared with 5.05% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.36% as against Sensex's 2.74% decline.

The small-cap company has an equity capital of Rs 12.07 crore. Face value per share is Rs 5.

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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First Published: Oct 14 2015 | 9:44 AM IST

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