Greenply Inds extends gains after fixing record date for stock-split

Greenply Industries rose 4.48% to Rs 985.80 at 15:16 IST on BSE, with the stock extending Thursday's gains triggered by the company fixing 7 January 2016 as record date for the purpose of 5-for-1 stock-split.

Meanwhile, the S&P BSE Sensex was up 215.23 points or 0.83% at 26,053.94.

On BSE, so far 7,393 shares were traded in the counter as against average daily volume of 1,051 shares in the past one quarter.

The stock hit a high of Rs 1,049.50 and a low of Rs 941 so far during the day. The stock had hit a 52-week high of Rs 1,129.50 on 25 May 2015. The stock had hit a 52-week low of Rs 750 on 24 December 2014.

The stock had outperformed the market over the past one month till 24 December 2015, rising 3.65% compared with Sensex's 0.24% rise. The scrip had also outperformed the market in past one quarter, jumping 4.71% as against Sensex's 0.1% fall.

Shares of Greenply Industries have risen 5% in two trading sessions from Rs 938.80 on 23 December 2015, after the company during market hours on Thursday, 24 December 2015 announced that it has fixed 7 January 2016 as record date for the purpose of 5-for-1 stock-split. The stock had risen 0.51% to settle at Rs 943.55 on Thursday, 24 December 2015. The stock market was shut on Friday, 25 December 2015, on account of Christmas.

Greenply Industries' net profit rose 1.5% to Rs 27.24 crore on 2.4% decline in net sales to Rs 400.77 crore in Q2 September 2015 over Q2 September 2014.

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

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