 "GMM Pfaudler hit record high; surges 55% in five months")
Shares of GMM Pfaudler rallied 9% to Rs 1,247 apiece on Friday, extending their 4% gain on Thursday on the BSE in an otherwise range-bound market on expectations of strong earnings growth.
The stock of capital goods company was trading at its record high level, it has rallied 55% in the past five months. In comparison, the S&P BSE Sensex was down 1% during the same period.
GMM Pfaudler is a leading supplier of process equipment to the pharmaceutical and chemical industries. The company had reported a healthy 50% year-on-year (y-o-y) growth in net profit at Rs 189 million
The stock of capital goods company was trading at its record high level, it has rallied 55% in the past five months. In comparison, the S&P BSE Sensex was down 1% during the same period.
GMM Pfaudler is a leading supplier of process equipment to the pharmaceutical and chemical industries. The company had reported a healthy 50% year-on-year (y-o-y) growth in net profit at Rs 189 million
