Greenply Industries gains 3% as SBI MF purchases bulk shares

NEW DELHI: Shares of Greenply Industries gained as much as 3 per cent in early trade on Tuesday as SBI Mutual Fund bought shares of the company on the BSE via bulk deal on Monday.

The scrip was up 1.05 per cent at Rs 277.90 around 10.10 am (IST). Shares of the company opened at Rs 278.40 and touched a high and low of Rs 283.50 and Rs 276.10, respectively, in trade so far.

On the BSE, 2,253 shares exchanged hands on the counter so far as against the average daily volumes of 4.77 lakh shares in the past two weeks.



Shares of the company hit a fresh 52-week high of Rs 309 on March 6, 2017 and 52-week low of Rs 173 on April 4, 2016.

According to the data available with BSE, Trade Combines sold 38 lakh shares of Greenply Industries at Rs 275.03 per share in a bulk deal on March 20, 2017. SBI Mutual Fund A/C Magnum Midcap Fund Scheme Ninety One bought 28.42 lakh shares at Rs 275 per share.

SBI FMCG Fund owned 4.75 per cent stake in Greenply Industries end December 2016.