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“While mutual funds are getting very good SIP flows, they are very steadily accumulating stuff that they believe will create value but FIIs come in and move the needle. So while the back will not be broken the volatility will be there until FIIs turn positive on our Indian markets”.

The heavy electrical equipment stock hit a 52-week high of Rs 550 recorded on 26 October 2021, but it failed to hold on to the momentum. The stock closed at Rs 447 on 13 July 2022.

A total of 9,717 shares changed hands on the counter till 02:01PM (IST).

These may arise from industry or any government policy. If an investor can understand the pattern - how the market reacts to government actions and policies, one can become a successful investor.For example, recently, the government levied a 15% export duty on steel. It impacted all the metal companies, and stock prices have corrected significantly since then.

On the technical charts, the 200-day moving average of the stock stood at Rs 708.06.

As of 30-Jun-2022, promoters held 28.21 per cent stake in the company, while FIIs held 35.07 per cent and domestic institutional investors had 10.84 per cent.

Interest earned for the quarter rose 8.14 per cent YoY to Rs 3,628.86 crore against Rs 3,355.71 crore in the corresponding quarter last year.

Promoters held 48.04 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 26.88 per cent and 11.47 per cent, respectively.

Greenpanel Industries Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 5689.91 Crore) operating in Building Materials sector.

The Relative Strength Index of the stock stood at 56.5 on Friday.