Greenply Inds drops after muted growth in Q2 net profit

Greenply Industries lost 2% to Rs 955.05 at 15:14 IST on BSE after net profit rose 1.45% to Rs 27.23 crore on 2.42% decline in total income from operations (net) to Rs 400.83 crore in Q2 September 2015 over Q2 September 2014.

The result was announced during market hours today, 28 October 2015.

Meanwhile, the S&P BSE Sensex was down 224.37 points or 0.82% at 27,029.07.

On BSE, so far 5,131 shares were traded in the counter as against average daily volume of 7,487 shares in the past one quarter.

The stock hit a high of Rs 984 and a low of Rs 920 so far during the day. The stock had hit a 52-week low of Rs 699 on 17 December 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 27 October 2015, surging 8.15% compared with Sensex's 5.37% rise. The stock had also outperformed the market in past one quarter, gaining 4.63% as against Sensex's 1.12% fall.

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

Greenply Industries' board of directors at a meeting held today, 28 October 2015, approved 5-for-1 stock split.

Greenply Industries is a leader in the manufacturing and marketing of a wide range of interior infrastructure products.

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