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Greenply Industries Ltd gained almost 5 per cent on Friday in an otherwise bearish market. The stock, which ended at Rs 89 on the BSE, reportedly witnessed investment buying on the back of strong fundamentals.

Analysts maintain that the company could register a topline growth of 22-25 per cent. It is due to announce its results on July 28.

Marketmen said that the company has bettered its investor profile ever since its preferential allotment to FII, Aeneas Capital at Rs 114 per share. Greenply is the largest domestic interiors infrastructure company with a market share of 25 per cent and 14 per cent in organised plywood and laminates market respectively.

Deeptha Rajkumar

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