Stocks in Focus: Century Plyboards (India) Limited’s Shares Surge to Rs. 800, Opening of Wood Panel Manufacturing Plant.

Stocks in Focus: 26th December 2023

📈 Senshury Plyboards (India) Limited: A Multibagger in the Making! 🚀

Senshury Plyboards (India) Limited is a stock that has caught the attention of many investors. With its share price soaring from Rs. 20 to Rs. 800, the company has emerged as a multibagger in the market.

🏭 Inauguration of India’s Largest Integrated Wood Panel Manufacturing Plant 🏭

Recently, Senshury Plyboards inaugurated the country’s largest integrated wood panel manufacturing plant in Baruval, Andhra Pradesh. On Tuesday (26th December 2023), the company’s shares were trading at Rs. 800, up by 0.01%.

💼 Employment Opportunities and Investment Potential 💼

In a statement, Senshury Plyboards (India) mentioned that the plant, spread across 100 acres, has the potential to attract investments worth Rs. 1,000 crore in its second phase. The company is hopeful that this project will create direct and indirect employment opportunities for approximately 2,000 individuals. The first phase of the project has already been allocated Rs. 950 crore.

🎉 Plant Inauguration by Andhra Pradesh Chief Minister 🎉

The inauguration of the plant was attended by the Chief Minister of Andhra Pradesh, Y.S. Jagan Mohan Reddy, along with Sajjan Bhajanka, the Chairman of Senshury Plyboards, and other senior officials.

🏭 Expansion Plans and Product Offerings 🏭

The plant already houses two large-scale laminating presses and will now introduce medium-density fiber (MDF) and polyvinyl chloride (PVC) units. The government of Andhra Pradesh has also pledged its support for the development of the wood panel industry in the state.

💹 Share Market Performance 💹

On the final trading day of the week, Friday, the share of Senshury Plyboards was trading at Rs. 800.55. The stock witnessed an increase of more than 1% compared to the previous day’s closing price. It reached a high of Rs. 819.50. On 19th December, the share was valued at Rs. 849.35.

Get ready to invest in Senshury Plyboards (India) Limited, a stock that promises high growth potential and a bright future!

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