{"id":93719,"date":"2026-05-21T13:40:29","date_gmt":"2026-05-21T08:10:29","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=93719"},"modified":"2026-05-21T13:40:30","modified_gmt":"2026-05-21T08:10:30","slug":"greenpanel-industries-analyst-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/","title":{"rendered":"Greenpanel Industries Analyst Review May 2026"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p>This <strong><a href=\"https:\/\/univest.in\/user\/stocks\/greenpanel\/greenpanel-industries-ltd-share-price-today\">Greenpanel Industries<\/a> analyst review<\/strong> for May 2026 covers the key data investors need for GREENPANEL at its current price of Rs 285. Greenpanel Industries (NSE: GREENPANEL) is India&#8217;s largest MDF (medium density fibreboard) manufacturer with a market capitalisation of approximately Rs 4,200 crore. The analyst consensus target of Rs 360 implies meaningful upside, and this <strong>Greenpanel Industries analyst review<\/strong> examines technical levels, business performance, valuation, and key risks for GREENPANEL through FY27.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Greenpanel_Industries_Company_Snapshot_May_2026\" title=\"Greenpanel Industries Company Snapshot May 2026\">Greenpanel Industries Company Snapshot May 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Analyst_Insight_in_This_Greenpanel_Industries_Analyst_Review\" title=\"Analyst Insight in This Greenpanel Industries Analyst Review\">Analyst Insight in This Greenpanel Industries Analyst Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Technical_Analysis_in_This_Greenpanel_Industries_Analyst_Review\" title=\"Technical Analysis in This Greenpanel Industries Analyst Review\">Technical Analysis in This Greenpanel Industries Analyst Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Key_Support_and_Resistance_Levels\" title=\"Key Support and Resistance Levels\">Key Support and Resistance Levels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Business_Segment_Analysis\" title=\"Business Segment Analysis\">Business Segment Analysis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#MDF_Board_Manufacturing_Largest_in_India\" title=\"MDF Board Manufacturing (Largest in India)\">MDF Board Manufacturing (Largest in India)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Plywood_and_Decorative_Veneers\" title=\"Plywood and Decorative Veneers\">Plywood and Decorative Veneers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Value-Added_Products_Pre-Laminated_MDF_Flooring\" title=\"Value-Added Products (Pre-Laminated MDF, Flooring)\">Value-Added Products (Pre-Laminated MDF, Flooring)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Valuation_in_This_Greenpanel_Industries_Analyst_Review\" title=\"Valuation in This Greenpanel Industries Analyst Review\">Valuation in This Greenpanel Industries Analyst Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Trade_Outlook_for_Greenpanel_Industries\" title=\"Trade Outlook for Greenpanel Industries\">Trade Outlook for Greenpanel Industries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Key_Risks_for_Greenpanel_Industries_in_FY27\" title=\"Key Risks for Greenpanel Industries in FY27\">Key Risks for Greenpanel Industries in FY27<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Conclusion_Greenpanel_Industries_Analyst_Review_Verdict_for_2026\" title=\"Conclusion: Greenpanel Industries Analyst Review Verdict for 2026\">Conclusion: Greenpanel Industries Analyst Review Verdict for 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Frequently_Asked_Questions_Greenpanel_Industries_Analyst_Review_2026\" title=\"Frequently Asked Questions: Greenpanel Industries Analyst Review 2026\">Frequently Asked Questions: Greenpanel Industries Analyst Review 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#What_is_the_analyst_target_for_Greenpanel_Industries_in_2026\" title=\"What is the analyst target for Greenpanel Industries in 2026?\">What is the analyst target for Greenpanel Industries in 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Is_Greenpanel_Industries_a_good_investment_at_Rs_285\" title=\"Is Greenpanel Industries a good investment at Rs 285?\">Is Greenpanel Industries a good investment at Rs 285?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#What_is_Greenpanel_Industriess_52-week_high_and_low\" title=\"What is Greenpanel Industries&#8217;s 52-week high and low?\">What is Greenpanel Industries&#8217;s 52-week high and low?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#What_are_the_key_risks_for_Greenpanel_Industries\" title=\"What are the key risks for Greenpanel Industries?\">What are the key risks for Greenpanel Industries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/greenpanel-industries-analyst-review-2026\/#Where_can_I_track_live_data_for_Greenpanel_Industries\" title=\"Where can I track live data for Greenpanel Industries?\">Where can I track live data for Greenpanel Industries?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Greenpanel_Industries_Company_Snapshot_May_2026\"><\/span><strong>Greenpanel Industries Company Snapshot May 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Greenpanel&#8217;s integrated MDF manufacturing in Uttarakhand and Andhra Pradesh serves furniture manufacturers and interior designers. The growing organised furniture market and replacement of plywood by MDF are structural demand tailwinds. The table below summarises the key data referenced in this <strong>Greenpanel Industries analyst review<\/strong>.<\/p>\n<table>\n<tbody>\n<tr>\n<th>Parameter<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>GREENPANEL<\/td>\n<\/tr>\n<tr>\n<td>Sector<\/td>\n<td>Building Products &#8211; MDF and Plywood<\/td>\n<\/tr>\n<tr>\n<td>CMP (May 2026)<\/td>\n<td>Rs 285<\/td>\n<\/tr>\n<tr>\n<td>52 Week High<\/td>\n<td>Rs 420<\/td>\n<\/tr>\n<tr>\n<td>52 Week Low<\/td>\n<td>Rs 255<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 4,200 Crore<\/td>\n<\/tr>\n<tr>\n<td>Trailing P\/E<\/td>\n<td>20x<\/td>\n<\/tr>\n<tr>\n<td>Analyst Consensus Target<\/td>\n<td>Rs 360<\/td>\n<\/tr>\n<tr>\n<td>Bull Case Target<\/td>\n<td>Rs 440<\/td>\n<\/tr>\n<tr>\n<td>Bear Case Target<\/td>\n<td>Rs 240<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_Insight_in_This_Greenpanel_Industries_Analyst_Review\"><\/span><strong>Analyst Insight in This Greenpanel Industries Analyst Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Senior Research Analyst <strong>Ankit Jaiswal<\/strong> flags Greenpanel Industries as a stock to watch in May 2026. At Rs 285, Ankit Jaiswal identifies key support in the Rs 260 to Rs 271 band and resistance near Rs 302. He suggests watching Greenpanel Industries for a potential move toward Rs 360, subject to Building Products &#8211; MDF and Plywood sector momentum. Ankit Jaiswal&#8217;s view is one input in this <strong>Greenpanel Industries analyst review<\/strong> and does not constitute a trade recommendation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Analysis_in_This_Greenpanel_Industries_Analyst_Review\"><\/span><strong>Technical Analysis in This Greenpanel Industries Analyst Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At Rs 285, GREENPANEL is trading within its 52-week band of Rs 255 to Rs 420. The current position relative to the 52-week high and low is the first layer of technical context for any entry or exit decision. Momentum indicators including the 14-day RSI, MACD crossover, and volume trends are useful secondary signals to monitor alongside the Nifty 50 direction.<\/p>\n<p>Near-term support is identified in the Rs 260 to Rs 271 band while resistance is seen in the Rs 302 to Rs 322 zone. A sustained move above Rs 302 could open the path toward the analyst consensus target of Rs 360 as identified in this <strong>Greenpanel Industries analyst review<\/strong>.<\/p>\n<p><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen the best stocks on the Univest Screener.<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Support_and_Resistance_Levels\"><\/span><strong>Key Support and Resistance Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Support Zone:<\/strong> Rs 260 to Rs 271 &#8211; investors tracking this <strong>Greenpanel Industries analyst review<\/strong> should watch for stabilisation or a bounce in this range as a potential accumulation signal for GREENPANEL.<\/li>\n<li><strong>Resistance Zone:<\/strong> Rs 302 to Rs 322 &#8211; a sustained close above Rs 302 would be a positive breakout signal worth flagging in this <strong>Greenpanel Industries analyst review<\/strong>.<\/li>\n<li><strong>Medium-Term Target:<\/strong> The analyst consensus of Rs 360 represents the base-case upside scenario in this <strong>Greenpanel Industries analyst review<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Business_Segment_Analysis\"><\/span><strong>Business Segment Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"MDF_Board_Manufacturing_Largest_in_India\"><\/span><strong>MDF Board Manufacturing (Largest in India)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is the primary revenue and margin driver for Greenpanel Industries, directly supporting the earnings trajectory toward the consensus target of Rs 360.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Plywood_and_Decorative_Veneers\"><\/span><strong>Plywood and Decorative Veneers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This segment adds scale and diversification to Greenpanel Industries&#8217;s business model and is a meaningful EPS contributor through FY27 and FY28.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Value-Added_Products_Pre-Laminated_MDF_Flooring\"><\/span><strong>Value-Added Products (Pre-Laminated MDF, Flooring)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This represents the medium-term growth frontier for Greenpanel Industries and a key re-rating catalyst for the stock over the next 12 to 24 months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_in_This_Greenpanel_Industries_Analyst_Review\"><\/span><strong>Valuation in This Greenpanel Industries Analyst Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At Rs 285, Greenpanel Industries trades at a trailing P\/E of 20x. This <strong>Greenpanel Industries analyst review<\/strong> presents three scenarios: a bull case of Rs 440 on strong earnings delivery, a base case of Rs 360 at analyst consensus, and a bear case of Rs 240 if macro headwinds persist. Q1 FY27 results will be the first key checkpoint for this <strong>Greenpanel Industries analyst review<\/strong>.<\/p>\n<table>\n<tbody>\n<tr>\n<th>Scenario<\/th>\n<th>Target Price<\/th>\n<th>Key Condition<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 440<\/td>\n<td>Strong earnings delivery and sector re-rating<\/td>\n<\/tr>\n<tr>\n<td>Base Case (Consensus)<\/td>\n<td>Rs 360<\/td>\n<td>Moderate growth, analyst consensus estimate<\/td>\n<\/tr>\n<tr>\n<td>Bear Case<\/td>\n<td>Rs 240<\/td>\n<td>Earnings miss or macro headwinds<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Outlook_for_Greenpanel_Industries\"><\/span><strong>Trade Outlook for Greenpanel Industries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Based on the technical and fundamental analysis in this <strong>Greenpanel Industries analyst review<\/strong>, investors might watch GREENPANEL near the support zone of Rs 260 to Rs 271 for potential opportunities. A flag above Rs 302 could suggest improving momentum toward Rs 360. This article uses watch-and-flag language only and does not constitute a trade recommendation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_for_Greenpanel_Industries_in_FY27\"><\/span><strong>Key Risks for Greenpanel Industries in FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A well-rounded <strong>Greenpanel Industries analyst review<\/strong> must assess downside risks. Key risks for Greenpanel Industries include a macro slowdown affecting Building Products &#8211; MDF and Plywood sector demand, input cost or regulatory headwinds compressing margins, continued FII selling from Indian equities, and earnings estimate downgrades if Q1 FY27 guidance disappoints. Market conditions may change rapidly. This analysis is not financial advice; investors should perform their own due diligence before investing in GREENPANEL.<\/p>\n<p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or the <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get daily stock recommendations and expert research.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Greenpanel_Industries_Analyst_Review_Verdict_for_2026\"><\/span><strong>Conclusion: Greenpanel Industries Analyst Review Verdict for 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This <strong>Greenpanel Industries analyst review<\/strong> concludes that at Rs 285, GREENPANEL offers a defined risk-reward with a consensus target of Rs 360. The 52-week range of Rs 255 to Rs 420 provides context on the current entry point. Use this <strong>Greenpanel Industries analyst review<\/strong> as a research starting point and consult a SEBI-registered financial advisor before making any investment decisions on GREENPANEL.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_Greenpanel_Industries_Analyst_Review_2026\"><\/span><strong>Frequently Asked Questions: Greenpanel Industries Analyst Review 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_analyst_target_for_Greenpanel_Industries_in_2026\"><\/span><strong>What is the analyst target for Greenpanel Industries in 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The analyst consensus target is Rs 360, with a bull case of Rs 440 and a bear case of Rs 240. This <strong>Greenpanel Industries analyst review<\/strong> recommends monitoring Q1 FY27 earnings for confirmation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Greenpanel_Industries_a_good_investment_at_Rs_285\"><\/span><strong>Is Greenpanel Industries a good investment at Rs 285?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 285 with a P\/E of 20x and a consensus target of Rs 360, this <strong>Greenpanel Industries analyst review<\/strong> is constructive for medium to long-term investors in the Building Products &#8211; MDF and Plywood sector. Always consult a SEBI-registered advisor before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Greenpanel_Industriess_52-week_high_and_low\"><\/span><strong>What is Greenpanel Industries&#8217;s 52-week high and low?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 52-week high is Rs 420 and the 52-week low is Rs 255. At Rs 285, GREENPANEL is positioned within this range as noted in this <strong>Greenpanel Industries analyst review<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_for_Greenpanel_Industries\"><\/span><strong>What are the key risks for Greenpanel Industries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Key risks include macro slowdown, input cost pressures, FII selling, and regulatory changes in the Building Products &#8211; MDF and Plywood sector as assessed in this <strong>Greenpanel Industries analyst review<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_can_I_track_live_data_for_Greenpanel_Industries\"><\/span><strong>Where can I track live data for Greenpanel Industries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Track Greenpanel Industries&#8217;s live price and analyst targets on the Univest Screener alongside professional financial advice to complement this <strong>Greenpanel Industries analyst review<\/strong>.<\/p>\n<p><em>Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenpanel Industries analyst review 2026: CMP Rs 285, MCap Rs 4,200 Cr, PE 20x. Building Products &#8211; MDF and Plywood outlook. 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