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Greenply Industries — Yes Securities Preferred Stock In Building Materials Segment; Q1 Results Preview

Initial greenshoots in demand for woodpanel sector and with timber pricing peaking out the brokerage expects margin profile to improve from hereon.

<div class="paragraphs"><p>Demand continues to remain tepid for all segments of the sector viz plastic pipes, woodpanels, ceramics, tiles.</p><p>(Photo Source: Unsplash</p></div>
Demand continues to remain tepid for all segments of the sector viz plastic pipes, woodpanels, ceramics, tiles.

(Photo Source: Unsplash

With recent run-up in stock prices- which was largely in anticipation of dealers resuming re-stocking and pricing bottoming out; the valuations for major plastic pipe companies are expensive. Hence the brokerage remains cautious on the sector.
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