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Why Shares Of GMM Pfaudler Surged Near 300% In Pandemic-Hit Year
Shares of the Gujarat-based company rose to a fresh record of Rs 6,900 on Aug. 12 compared with Rs 1,818 on March 19.
17 Aug 2020, 01:45 PM IST
Shares of GMM Pfaudler Ltd. nearly quadrupled since March even as the pandemic-led uncertainty has capped gains of equities despite a rebound from a worst selloff since 2008. That's because the maker of glass-lined equipment caters to two sectors that have defied the crisis—chemicals and pharmaceuticals.Shares of the Gujarat-based company rose to a fresh record of Rs 6,900 on Aug. 12 compared with Rs 1,818 on March 19. While it eased...
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