Greenlam hits new high

Greenlam Industries is on a roll today morning. The stock itself over 13% higher at Rs.1625 and rose to hit a new high at Rs.1700. It’s a low volume traded stock – 2-week average volume is less than 450 and today, almost 4000 shares have changed hands.

This reaction is after the company announced that its Board will meet on 13th Dec to consider stock split from Rs 5 to Re 1 paid up.

The company is a leading manufacturer of surfacing products with its flagship brands Greenlam Laminates, NewMika Laminates, Decowood Veneers, Mikasa Floors and Mikasa Doors & Frames.