India's GMM Pfaudler rises as Q4 profit doubles

Gmm Pfaudler

26/05/2023 05:41

** Shares of GMM Pfaudler  GMMP.NS  rise as much as 5% to
1,547.5 rupees, biggest pct gain since Feb. 28
    ** Co's Q4 profit doubled to 384.7 million rupees ($4.70
million)
    ** Its consol rev from ops rose to 8.66 bln rupees from 6.99
bln rupees
    ** More than 218,500 shares change hands by 10:02 a.m. IST
vs 4.3x 30-day avg of 51,047 shares
    ** Analysts covering the stock on average have a "strong
buy" rating; median PT is 2,362.5 rupees - Refinitiv data
    ** Stock down ~6% YTD up to last close
($1 = 82.6872 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))