Steady demand for wood panels to aid Century Plyboards stock1 min read . Updated: 29 Jun 2022, 11:00 AM IST
- Century Plywoods undertook price hikes of 2-4% in the plywood segment and 3-4% in laminates during Q1FY23. This should enable the company mitigate some of the raw material price pressures and thus, help it maintain steady margins going ahead
Shares of Century Plyboards India Ltd have been under pressure recently, after scaling a new 52-week high of ₹749 in March. Concerns about persistent high raw material inflation have weighed on investor sentiment for the stock. So far in this calendar year, the stock has corrected by around 15% on the National Stock Exchange.
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