India's Greenply Industries gains after Investec retains 'buy' on improving earnings, attractive valuations

Greenply Industries

23/12/2025 06:02

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** Plywood products maker Greenply Industries' GRPL.NS shares rise as much as 6.11%, highest intraday percentage rise in over three months, to 261.1 rupees apiece; GRPL last up 4%

** Rise after Investec reiterates "buy" and forecasts 43.9% implied upside over next 12 months after meeting with GRPL's management

** Investec says GRPL's focus areas around targeted marketing, sharper product/price-point positioning, expansion of distribution, technology adoption and revamped incentive structures as positive triggers for earnings

** Identifies GRPL as its preferred company in wood sector on attractive valuations and improving earnings outlook

** Says another phase of medium-density fiberboard (MDF) capacity expansion cannot be ruled out

** Adds GRPL's management changes such as hiring a new head of sales, who was formerly with Pidilite Industries, as a positive

** Avg rating of 12 analysts tracking GRPL is "strong buy"; median PT is 375 rupees, data compiled by LSEG shows

** GRPL shares have dropped 19.7% in 2025 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))