Saurabh Mukherjea’s chemical stock dips after Q3 results. Opportunity to buy?

According to stock market experts, GMM Pfaudler stocks are falling today due to the weak quarterly results announced yesterday. They said that the stock is a quality stock and belongs to one of the three Saurabh Mukherjea’s Little Champ stocks. So, this dip can be a good opportunity for positional investors who have a long term horizon. However, they advised investors to wait for breakout expected at ₹1,700 apiece levels or at ₹1,250 support leve as the stock is trading in this ₹1,250 to ₹1,700 per share range. Speaking on the reason for dip in GMM Pfaudler shares, Anuj Gupta, Vice President — Research at IIFL Securities said, "This Saurabh Mukherjea’s Little Champ stock has fallen today because the chemical company has reported its Q3 results yesterday, which is below the estimates of Dalal Street. However, the stocks is a quality stock and it is close to its 52-week low as well. So, bottom finishers looking to add quality stock in its portfolio are advised to look at this buy on dips stock for long term." Advising long term investors to wait for more clarity in trend, Ravi Singhal, CEO at GCL Broking said, "GMM Pfaudler shares are in […]

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