Reduce Greenpanel Industries, target price Rs 255: HDFC Securities Jobbery Stock Market update

HDFC Securities downgraded Greenpanel Industries to a ‘reduce’ rating with a revised target price of Rs 255 due to weak Q3FY25 financials, including a significant decline in revenue, EBITDA, and APAT. Challenges include muted volume growth, weak pricing, and rising timber costs. The brokerage anticipates marginal industry improvements in FY26 but maintains a cautious outlook.