Greenlam Industries is currently trading at Rs. 1803.25, up by 114.75 points or 6.80% from its previous closing of Rs. 1688.50 on the BSE.
The scrip opened at Rs. 1740.00 and has touched a high and low of Rs. 1999.00 and Rs. 1714.90 respectively. So far 25650 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,999.00 on 14-Dec-2021 and a 52 week low of Rs. 739.70 on 21-Dec-2020.
Last one week high and low of the scrip stood at Rs. 1999.00 and Rs. 1480.45 respectively. The current market cap of the company is Rs. 4361.08 crore.
The promoters holding in the company stood at 53.90%, while Institutions and Non-Institutions held 16.41% and 29.70% respectively.
Greenlam Industries is planning to invest Rs 950 crore over a period of 2-3 years, towards setting up of third Laminate plant and foray into Plywood and Particle Board business. Being a pioneer in the decorative surfacing solutions, the company offers products ranging from decorative laminates, compact laminates, exterior & interior clads, decorative veneers, engineered wooden floors & doors for residential and commercial spaces. Witnessing a spiral demand in the wood panel segment, the company has taken the next leap and decided to expand its portfolio by venturing into two adjacent categories - Plywood and Particle Board and also setting up third Laminate plant.
This expansion will position Greenlam from a decorative surfacing company to a leading integrated wood panel player. Committed to excellence in manufacturing and being a leader in providing surface solutions globally, the Laminate, Plywood and Particle Board offerings will accelerate Greenlam Industries market opportunity and will add new revenue engines to its growth.
Greenlam Industries is one of the leading laminate manufacturers and Asian market leader in decorative laminates. It is a decorative Laminates manufacturer which ensures superior design, quality and systems.
| Company Name | CMP |
|---|---|
| Greenlam Industries | 507.00 |
| Stylam Industries | 2369.50 |
| Rushil Decor | 31.69 |
| Deco-Mica | 79.20 |
| Alfa Ica (India) | 95.00 |
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