Saurabh Mukherjee Portfolio: Chemical stock GMM Pfaudler is in sell zone since morning deals. GMM Pfaudler share price today opened lower and hit intraday low 1,537 appears on the NSE, plunging nearly 4.50 per cent from its Thursday’s close. Saurabh Mukherjee’s portfolio stock is about 20 per cent off its 52-week low during the fall in intraday trade. 1,256 each.
According to stock market experts, gmm pfodler Shares are down today on the back of weak quarterly results announced yesterday. He added that the stock is a quality stock and is one of the three stocks of Saurabh Mukherjee’s Little Champ. Hence, this decline can be a good opportunity for positional investors. WHO Have a long term horizon. However, he advised investors to wait for the expected breakout 1,700 at each level or There is 1,250 support left as the stock is trading in from 1,250 1,700 per share range.
Anuj Gupta, Vice President – Research at GMM Pfaudler, speaking on the reasons for the fall in shares IIFL Securities said, “Saurabh Mukherjee’s Little Champ stock declined today after the chemical company reported its Q3 results yesterday, which fell short of Dalal Street’s estimates. However, the stock is a quality stock and it will continue to trade at its 52 -Which is close to the week’s low. Also. Therefore, bottom finishers are advised to buy on dips stocks for long term to add quality stocks to their portfolio.
Ravi Singhal, CEO, GCL Broking advised long term investors to wait for more clarity in the trend saying, “The stock is in the range of GMM Pfodler. from 1,250 1,700 per share level. Must enter either of the above 1,700 when the scrip gives a breakout based on the closing or waits for the stock to fall towards the underlying base 1,250 each level.”
In Q3 FY2023 results, this Saurabh Mukherjee portfolio company reports a decline in consolidated Net Profits increased by over 41 percent 18.67 crores against 31.82 crore in the same period in the previous financial year. However, the company’s sales have increased by more than 23 percent. 792.31 crore in the third quarter of the current financial year 642.28 crore in Q3FY22.
GMM Pfaudler shares are one of the three shares of Saurabh Mukherjee’s Little Champ. Saurabh Mukherjee is the Founder and Chief Investment Officer of Marcellus Investment Managers.
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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