India's GMM Pfaudler jumps most in over 3 weeks

Gmm Pfaudler

06/10/2022 10:19

** Shares of industrial equipment maker GMM Pfaudler
 GMMP.NS  rise as much as 3.2% at 1,991.2 rupees, their highest
since Sept. 13
    ** GMMP set to gain for a second straight session
    ** Stock up along with the Nifty Smallcap 100 index
.NIFSMCP100 which is up 1.2%
    ** More than 150,000 shares traded by 0906 GMT, 0.5x times
their 30-day moving avg of more than 300,000 shares
    ** Three out of 3 brokerages rate the stock "buy" or higher;
their median PT is 2285 rupees- Refinitiv data
    ** Up to last close this year, stock had risen 19.1%
compared with 15.5% decline in the Nifty Smallcap 100 index 
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;Mobile: +91 6001289066))