Greenply Inds gains after fixing record date for stock split

Greenply Industries rose 2.26% to Rs 960 at 14:29 IST on BSE after the company said it has fixed 7 January 2016 as record date for the purpose of 5-for-1 stock split.

The announcement was made during market hours today, 24 December 2015.

Meanwhile, the S&P BSE Sensex was down 38.05 points or 0.15% at 25,812.25.

On BSE, so far 1,946 shares were traded in the counter as against average daily volume of 979 shares in the past one quarter.

The stock hit a high of Rs 979.50 and a low of Rs 952 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 720 on 23 December 2014.

The stock had outperformed the market over the past one month till 23 December 2015, gaining 4.14% compared with Sensex's 0.12% rise. The scrip had also outperformed the market in past one quarter, surging 8.64% as against Sensex's 0.11% rise.

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.

Powered by Capital Market - Live News