Greenply Industries drops after weak Q2 numbers

Greenply Industries lost 2.62% to Rs 409 at 15:18 IST on BSE after net profit declined 16.7% to Rs 26.52 crore on 12.78% growth in total income from operations to Rs 584 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced during trading hours today, 24 October 2013.

Meanwhile, the S&P BSE Sensex was down 32.48 points or 0.16% at 20,735.40.

On BSE, 1,303 shares were traded in the counter as against average daily volume of 1,666 shares in the past one quarter.

The stock hit a high of Rs 429.95 and low of Rs 405.25 so far during the day. The stock had hit a 52-week low of Rs 260.60 on 25 October 2012. The stock had hit a record high of Rs 524 on 23 July 2013.

The stock had outperformed the market over the past one month till 23 October 2013, surging 8.67% compared with the Sensex's 4.36% rise. The scrip had, however, underperformed the market in past one quarter, declining 15.7% as against Sensex's 2.29% rise.

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

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

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