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Greenpanel Shares Slide Most Since March 2020 After Q1 Results

The stock is on track to snap a seven-session winning streak.

Bharath Rajeswaran

Samples of plywood arranged for photograph. (Photo: Jakarta Parquet /Source: Unsplash)

Shares of Greenpanel Industries Ltd. logged their steepest intraday decline since March 2020, even as analysts reiterated their 'buy' calls after the first quarter.

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The trading volume was five times the 30-day average, when markets closed.

All the eight analysts tracking the company suggest a 'buy', according to Bloomberg data. The average of the 12-month consensus price target implies a 33.8% upside.

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Bharath Rajeswaran
Bharath R is a senior website producer at BQ Prime. He tracks equity, curre... more
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