India's Greenpanel Industries falls on qtrly profit slump

Greenpanel Industries

28/07/2023 10:04

** Shares of Greenpanel Industries  GREP.NS  fall as much as
3.8% to 340 rupees, their steepest intra day pct slide since May
8
    ** Wood panels maker on Friday posted a 52% YoY fall in its
June qtr consol net profit after tax; rev from ops down ~17% YoY
    ** Stock on track to fall for second straight session, if
trends hold  
    ** Over 584,000 shares change hands by 02:29 p.m. IST, 1.1x
the 30-day moving avg 
    ** Ten of the 13 analysts covering the stock have a "buy" or
"strong buy" rating, two have "hold" while one rates it at
"sell"; median PT is 415 rupees - Refinitiv data
    ** As of last close, stock up ~5% so far this year 


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))