Greenply Industries gains on incorporating wholly owned subsidiary company

26 Dec 2017

Greenply Industries is currently trading at Rs. 339.15, up by 0.90 points or 0.27% from its previous closing of Rs. 338.25 on the BSE.

The scrip opened at Rs. 337.50 and has touched a high and low of Rs. 339.95 and Rs. 335.00 respectively. So far 1926 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 360.00 on 18-Dec-2017 and a 52 week low of Rs. 238.30 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 360.00 and Rs. 329.35 respectively. The current market cap of the company is Rs. 4158.91 crore.

The promoters holding in the company stood at 51.03%, while institutions and non-institutions held 32.91% and 16.06% respectively.

Greenply Industries has incorporated a wholly owned subsidiary company named Greenpanel Industries in India on December 13, 2017.

Earlier in June, the company’s step-down subsidiary Greenply Gabon, SA, Gabon, West Africa had commenced commercial production of ‘Veneer', at its manufacturing unit at Nkok SEZ, Gabon in West Africa.

Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF.

Related Greenply Industries Ltd. Links:

Greenply Industries Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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