Greenply Inds declines as Citigroup offloads shares

Greenply Industries fell 0.8% to Rs 955 at 15:22 IST on BSE after Citigroup Global Market Mauritius sold 7.26 lakh shares of the company at Rs 1,011 per share in a bulk deal on NSE yesterday, 24 February 2015.

Meanwhile, the S&P BSE Sensex was down 8.24 points or 0.03% at 28,996.42.

On BSE, so far 4,673 shares were traded in the counter as against average daily volume of 1.954 shares in the past one quarter.

The stock fell as much as 3.4% at the day's low of Rs 930 so far during the day. The stock rose as much as 0.54% at the day's high of Rs 968 so far during the day. The stock had hit a 52-week low of Rs 300.15 on 3 March 2014. The stock had hit a record high of Rs 1,276.80 on 7 November 2014.

The stock had outperformed the market over the past one month till 24 February 2015, rising 4.79% compared with the Sensex's 0.94% fall. The scrip had, however, underperformed the market in past one quarter, declining 14.56% as against Sensex's 1.77% rise.

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

Meanwhile, Lakshdeep Investments & Finance bought 7.27 lakh shares at Rs 1,010.95 per share.

Greenply Industries' net profit fell 8.4% to Rs 26.14 crore on 25.4% decline in net sales to Rs 390.52 crore in Q3 December 2014 over Q3 December 2013.

Greenply Industries is a renowned player in the plywood and laminate industry in India.

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