Greenply Industries jumps on incorporating joint venture company
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Greenply Industries is currently trading at Rs. 161.90, up by 4.65 points or 2.96% from its previous closing of Rs. 157.25 on the BSE.
The scrip opened at Rs. 160.35 and has touched a high and low of Rs. 164.30 and Rs. 159.05 respectively. So far 16462 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 185.00 on 27-Jun-2023 and a 52 week low of Rs. 133.85 on 02-Mar-2023.
Last one week high and low of the scrip stood at Rs. 164.30 and Rs. 149.35 respectively. The current market cap of the company is Rs. 2011.60 crore.
The promoters holding in the company stood at 52.12%, while Institutions and Non-Institutions held 34.46% and 13.41% respectively.
Greenply Industries and M/s SAMET B.V., have incorporated a Joint Venture Company namely ‘Greenply Samet’ on October 26, 2023 in the ratio 50:50 respectively. Greenply Samet has been incorporated as a Joint Venture Company to carry out manufacturing and selling functional furniture hardware such as slide systems for wooden and metallic drawers, hinge systems, lift-up systems and other connection fittings etc. through a manufacturing facility in India.
Greenply Industries is primarily involved in manufacturing of plywood and trading of plywood and allied products.
