Buy or sell Saurabh Mukherjee’s booming chemical stock despite flat market?

Saurabh Mukherjee’s portfolio stock GMM Pfaudler has been on the radar of stock market bulls since morning deals on Monday. Interestingly, this is happening despite flat prices on Dalal Street. One of the short champs of Saurabh Mukherjee, GMM Pfaudler share price today opened with an upside gain and hit intraday high. 1,595.75 on the NSE, up about 3.50 per cent within minutes of Monday morning deals.

According to stock market experts, this chemical stock in Saurabh Mukherjee’s portfolio is on the radar of market observers and investors as the company has scheduled its Q3 Results 2023 date on February 2, 2023. This is the major reason for the volatility in the stock performance and attracting buying interest. by the bulls of the market. Experts say that this stock is in a range from 1,525 1,650 and further upside can be expected only if the stock breaks either side of the bullish or bearish trend line range.

speaking out gmm pfodler Share Price Outlook Chandan Taparia, Derivatives & Technical Analyst Motilal Oswal said, “The stock is range bound for a few sessions and the current surge in the stock is due to the upcoming Q3 results of the company which is scheduled on 2nd February 2023. However, the market is expecting better numbers from the company and hence they Who? It is recommended to keep this stock in your portfolio by keeping the stop loss below 4% from the current level. 1,585 per level.

Sharing the pivot levels with respect to GMM Pfaudler share price, Sumeet Bagadia, Executive Director, Choice Broking said, “GMM Pfaudler shares are currently at from 1,525 1,650 range. The bullish or bearish trend can be predicted only after the stock breaks on either side. Those having this stock in their portfolio are advised to hold the stock with stop loss 1,525 whereas fresh purchases are advised only above 1,650 level.”

GMM Pfaudler shares are one of the three shares of Saurabh Mukherjee’s Little Champ. Saurabh Mukherjee Marcellus is the Founder and Chief Investment Officer (CIO) of Investment Managers.

stock market today

Dalal Street is trading flat since opening bell today. The BSE Sensex is down about 0.20 percent while the Nifty 50 index is down 0.30 percent at 11:28 AM. In the broader markets, the BSE Small-Cap index remained volatile near its Friday close. However, the midcap index fell over 0.50 per cent in Monday’s deals till 11:28 am.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.


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