India's GMM Pfaudler gains as unit to buy Brazil's SEMCO

Gmm Pfaudler

04/07/2025 06:15

** Shares of GMM Pfaudler GMMP.NS rise 2.5% to 1,270 rupees, highest in more than a month

** Engineering equipment supplier's unit to acquire Brazil's SEMCO Tecnologia em Processos for $18.5 mln by Q2 FY26

** Post-acquisition, co's mixing business expected to reach $6 mln revenue, $8 mln EBITDA

** GMMP trades above 50-, 100-, 200-day moving avgs, signaling a bullish momentum

** Stock up 6.5% YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))