India's Greenlam Industries hits over 8-month high after strong quarterly results

Greenlam Industries

25/05/2026 05:59

** Wooden products maker Greenlam Industries GEEN.NS shares surge 13% to 268.75 rupees, their highest level since September 2025

** Co's consolidated net profit jumps to 394.6 million rupees ($4.14 million) from 20.8 million rupees a year earlier

** Revenue from operations rises 25.8%

** Co passed on raw material price hike to market in April - MD & CEO Saurabh Mittal

** GEEN trades at forward 12-month PE of 34.04, in line with industry median

** 5 of 11 brokerages rate the stock "buy" or higher, 4 "hold" and 2 "sell"; their median PT is 270 rupees - data compiled by LSEG

** YTD, stock up 10.6% vs 6.5% fall in BSE Consumer Discretionary Index .BSESCDIP

($1 = 95.3625 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))