Wood panel and decorative surfaces manufacturing companies have noted a significant recovery after Covid. The recovery speed so far and sign of future recovery for businesses post Covid is a boosting shot for rising stock prices of wood panel companies. Stock prices have been so bullish that every dealer who has owned shares from old time, smile and thank the current scenario for their increasing worth. The robust jump in few companies have been phenomenal hence attracting more investors towards the panel industries. We at the ply reporter analyze the reasons and turning points of company’s growth, thus feel that first time, wood panel industry is getting the due attention that it deserved. We firmly see that wood panel sector companies share prices going up further because of good demand and mega capacity expansions on the card.
The MDF and Plywood manufacturing company Greenpanel’s stock prices were hovering around at around Rs 70 in November 2020, which is now hovering around Rs 180 in first week of February 21, thanks tosharp rise in demand of MDF and growing prospects of the company. The and growing capacity utilization along with good profit margin. Another MDF and Decorative Laminate manufacturing company Rushil Décor has also witnessed sharp jump in stock prices between November 20 at Rs 90 to around Rs 200 on January 21st. The commencement of expected commercial production of new MDF plant in Andhra Pradesh has been the key factor behind the surge. The pioneer brand, Century ply has also seen a rise during November to January end. The company has also announced many expansion plans in MDF and Decorative Laminates.
The Leading Plywood brand Green ply stock prices have also been firming up from Rs 78 in November to Rs 140 in end of December month. Decorative laminates manufacturing companies also have been posted strong growth in its stock value post lockdown. The leading brand, Greenlamhas witnessed a sharp rise from Rs 650 to above 900 mark since last year and maintaining a constant upward curve. Another Laminates company StylamIndustry ltd too is racing upward and has reached to 975 during first week of January 2021. Good demandsfrom overseas market and better capacity utilization have been helping the laminate companies stock prices during last 3-4 months. Similarly,Airolam has also noticed marginal improvement in its stock prices in December and January month.