Tremendous jump of 21% in Greenlam Industries share, put it in portfolio, will give good returns, know target price

Greenlam deals in shiney lamination to be had in home interiors or decorations. Tremendous growth is being seen in Greenlam Industries share. In the last one month, there has been a stormy rise of 21% in the share price of Greenlam Industries. Also, there has been a total jump of 13% in the last 3 days of trade.

Greenlam Industries Q4 Result

In Q4, the last quarter of FY 2022-23, Greenlam Industries has seen a 109% increase in profit as compared to earlier. The total profit in Q4 is Rs 54.32 crore. In the December quarter of the same Q3, only 28.33 crore profit was made. This time the profit of Greenlam Industries has increased by 109%. Due to which the share price has gone up very strongly.

Greenlam Industries share
Greenlam Industries share

Greenlam Industries Share Holding

51% holding of Greenlam Industries Share is with the promoters. At the same time, FII has not invested anything in this company so far. Also, the number of retail investors in the country is 34%. Many mutual funds houses have also taken their stake in Greenlam Industries share.

HDFC Mid Cap Opportunities Direct Plan Growth’s shareholding in Mutual Funds houses is 0.69%. Whereas Canara Robeco Small Cap Fund Direct Growth has 0.44 %.

Greenlam Industries Share Target Price

According to Yes Securities, the target price of Greenlam Industries Share has been kept at 1165. Market veteran analyst Karvy has said that its target price will be 478.