GMM Pfaudler rises as its arm acquires stake in Hydro Air Research Italia

GMM Pfaudler is currently trading at Rs. 1631.00, up by 26.25 points or 1.64% from its previous closing of Rs. 1604.75 on the BSE.

GMM Pfaudler
GMM Pfaudler

The scrip opened at Rs. 1609.80 and has touched a high and low of Rs. 1644.60 and Rs. 1609.80 respectively. So far 5678 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1765.00 on 04-Jan-2022 and a 52 week low of Rs. 1,249.75 on 14-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1754.90 and Rs. 1524.30 respectively. The current market cap of the company is Rs. 7148.83 crore.

The promoters holding in the company stood at 54.95%, while Institutions and Non-Institutions held 17.94% and 27.11% respectively.

GMM Pfaudler’s subsidiary company — Pfaudler S.r.l., Italy has completed the acquisition of Hydro Air Research Italia S.r.l. (HARI) on August 3, 2022. HARI’s technology, application expertise and process know-how are complementary to company’s system’s business and will help enhance and improve company’s work product and offerings.

GMM Pfaudler is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.

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