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Bloomberg Quint

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

  • Yes Securities prefers Greenply Industries in the building materials segment as demand shows initial improvement in the woodpanel sector.
  • The brokerage anticipates a better margin profile for Greenply Industries with timber pricing peaking out.
  • Demand remains subdued for various segments like plastic pipes, woodpanels, ceramics, and tiles according to Yes Securities.
  • Brokerage advises caution on the sector due to expensive valuations of major plastic pipe companies despite recent stock price increases.

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