GMM Pfaudler hits 52-week high; up 26% in 1 week on strong growth outlook

The strong growth is expected owing to the increasing market size, investments, and exports in the pharmaceuticals, specialty chemicals, and agrochemical industries in the next 5 years

Shares of GMM Pfaudler hit a 52-week high of Rs 2,096 as they rallied 10 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes. In the past one week, the stock of the industrial equipments company has surged 26 per cent on strong growth outlook. In comparison, the S&P BSE Sensex was down 0.37 per cent during the period.

At 12:37 pm, GMM Pfaudler was trading 9.6 per cent higher at Rs 2,083, as compared to 0.20 per cent rise in the S&P BSE Sensex. The average trading volumes on the counter jumped over four-fold with