India, Nov. 7 -- Synopsis:
Despite a sharp rise in quarterly profit, shares of the industrial equipment manufacturer fell after Q2FY26 results. Here are the possible reasons.
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Shares of a leading glass-lined equipment maker slipped even after the company reported strong Q2FY26 numbers. Investor sentiment could have been affected by the management's cautious tone on the global chemical market and the possibility that recent gains had already priced in strong results.
GMM Pfaudler Ltd opened at Rs. 1,287.85 against the previous close of Rs. 1,281 and hit an intraday low of Rs. 1,166.75, marking a decline of 8.91 percent. The company currently has a market capitalisation of Rs. 5,518.50 crore.
Financial Snapshot - Q2FY26...
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