Meanwhile, the S&P BSE Sensex was down 204.58 points or 0.83% at 24,596.72.

On BSE, so far 6,073 shares were traded in the counter as against average daily volume of 12,049 shares in the past one quarter. The stock hit a high of Rs 189 and a low of Rs 183.35 so far during the day. The stock had hit a 52-week high of Rs 225.90 on 25 May 2015. The stock had hit a 52-week low of Rs 152 on 18 January 2016. The stock had underperformed the market over the past one month till 9 March 2016, falling 2.57% compared with 3.22% gains in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.32% as against Sensex's 0.97% fall.

The mid-cap company has equity capital of Rs 12.07 crore. Face value per share is Rs 1.

Greenply Industries said it has received permission from the Excise Authorities to avail the benefit of exemption and consequential refund of excise duty under Notification dated 25 April 2007 for a period of 10 years from July 2015, in respect of the company's plywood unit situated at Tizit (Nagaland).

Greenply Industries' net profit rose 35.2% to Rs 35.34 crore on 8% growth in net sales to Rs 421.74 crore in Q3 December 2015 over Q3 December 2014.

Greenply Industries is into manufacturing and marketing of a wide range of interior infrastructure products.