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Greenply Inds moves higher as SBI MF purchases bulk shares

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was up 1.09% to Rs 278 at 10:03 on as Mutual Fund bought bulk of the company on the via bulk deal mechanism yesterday, 20 March 2017.

Meanwhile, the S&P Sensex was up 10.18 points or 0.03% at 29,528.92. The Mid-Cap index was down 33.70 points or 0.24% at 13,883.09.

On the BSE, 2,067 were traded on the counter so far as against the average daily volumes of 73,955 in the past one quarter. The stock had hit a high of Rs 283.50 and a low of Rs 276.10 so far during the day.

The stock had hit a record high of Rs 309 on 6 March 2017 and a 52-week low of Rs 173 on 4 April 2016. The stock had underperformed the market over the past one month till 20 March 2017, sliding 8.12% compared with the Sensex's 2.99% rise. The scrip had also underperformed the market over the past one quarter, rising 8.93% as against the Sensex's 12.2% rise.

The mid-cap company has equity capital of Rs 12.26 crore. Face value per share is Rs 1.

Trade Combines sold 38 lakh shares of at Rs 275.03 per share in a bulk deal on the BSE on 20 March 2017. Mutual Fund A/C Magnum Midcap Fund Scheme Ninety One bought 28.42 lakh shares at Rs 275 per share.

FMCG Fund owned 4.75% stake in end December 2016.

Greenply Industries' net profit fell 31.8% to Rs 24 crore on 14% decline in net sales to Rs 358.78 crore in Q3 December 2016 over Q3 December 2015.

Greenply Industries is into manufacturing and marketing of a wide range of interior infrastructure products.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 09:54 IST