Greenply Industries Ltd. key Products/Revenue Segments include Plywood and Other Operating Revenue for the year ending 31-Mar-2022.
Prabhudas Lilladher has buy call on Greenply Industries with a target price of Rs 220. The current market price of
is Rs 188.5.
Greenply Industries Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2316.94 Crore) operating in Building Materials sector.
. key Products/Revenue Segments include Plywood and Other Operating Revenue for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 455.10 Crore, up .76 % from last quarter Total Income of Rs 451.67 Crore and up 73.13 % from last year same quarter Total Income of Rs 262.86 Crore. Company reported net profit after tax of Rs 21.31 Crore in latest quarter.
The stock has been consolidating for quite some time around the 175 – 180 levels and has maintained a good support. The stock is getting into momentum and with favourable indicators and RSI on the rise, we recommend a buy in this stock for an upside target of 220 keeping a stop loss of 175.
Promoters held 52.29 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.4 per cent, DIIs 33.41 per cent.
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