Greenply Industries Weight Increases On Capacity Enhancement

Greenply IndustriesGreenply Industries zoomed 8.17% to Rs 179.50 on booming growth of its laminate facility at Behror, Rajasthan.

In the meantime, the BSE 30-share Sensex was up 156.48 points, or 1.05%, to 15066.

The share price had hit a high of Rs 180, which is an all-time high for the scrip, and touched a low of Rs 169 during the day. Its 52-week low of Rs 81.60 was on 21 July 2006.

Today, there were 25,008 shares for trading on BSE. The share showed an average daily volume of 11,566 shares in the last three months.

Over the last one month, Greenply Industries stock soared 25.62 % to 11 July 2007 as against to the Sensex’s return of 5.52%. On 3 July 2007, the share price turned down from Rs 159.65 to Rs 151.90 on 5 July 2007. It arose to Rs 175.20 on 9 July 2007 before dropping to Rs 165.95 on 11 July 2007.

The current equity of the company is Rs 8.30 crore, with 1.66 crore outstanding shares of a face value of Rs 5.

In Q4 March 2007, the company’s net profit climbed up 78.25% to Rs 6.72 crore, from Rs 3.77 crore in Q4 March 2006. Sales lifted 51.62% to Rs 110.61 crore in Q4 March 2007, from Rs 72.95 crore in Q4 March 2006.

Net profit rose 59.83% to Rs 22.52 crore in FY 2007 as against Rs 14.09 crore in FY 2006. Sales were up 40.30% to Rs 392.20 crore in FY 2007, from Rs 279.54 crore in FY 2006.

Greenply Industries is leading the Indian plywood and laminate industry.