Saurabh Mukherjee’s portfolio stock GMM Pfaudler has hit a 52-week high 1,846.65 on NSE. One of Saurabh Mukherjee’s little champion stocks, GMM Pfaudler has been trending upward since 23 Aug 2022 and the stock finally hit a 52-week high on Friday last week. In Friday’s session, this chemical stock opened up and moved to intraday high 1,846.65 on the NSE, a gain of about 11.50 per cent was recorded from Thursday’s close. However, Saurabh Mukherjee’s stock finally settled 1827.55 each, nearly 10.50 per cent higher than Thursday’s closing price.
According to Share Market As per experts, Saurabh Mukherjee portfolio is forming ‘Higher High, Higher Low’ on the stock chart pattern which indicates further rise in GMM Pfaudler Share price. He said the chemical reserves could go up Each level from 1950 to current levels and advised a ‘dip on dips’ strategy in relation to this chemical stock.
Speaking on the share price outlook of GMM Pfaudler, Sumeet Bagdia, Executive Director, Choice Broking said, “GMM Pfaudler Shares are in an upward trend and the trend is expected to continue further as there is a possibility of forming a high high high low pattern on the chart. This means that the stock may move higher, up to 10 per cent in bull markets and around 5 per cent in secondary markets. 1750 on each level and should maintain stop loss at this level and keep accumulating on any major downside from the current levels.”
“GMM Pfaudler is at 2 year high. On monthly chart, it has given trendline breakout after recent consolidation. It has strong support 1700 level while immediate support for the stock is near . placed on from 1750 1760 price band. Positional investors are advised to buy the stock at current levels and keep depositing till the stock rises. 1770 levels. Have immediate target for stock 1950 while it could go up 2100 after violating it 1950 handicap.”
Shares of GMM Pfaudler 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. He believes the chemical stock could become a global leader in glass lined and ceramic reactors after the acquisition of Pfaudler.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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