In a significant pre-market block deal, 9.2% of GMM Pfaudler’s equity, amounting to 41.2 lakh shares, exchanged hands at ₹1,352 per share. The total value of the transaction was ₹557.3 crore.
Here are the key points:
- Major Block Deal in GMM Pfaudler: A significant pre-market block deal took place where 9.2% of GMM Pfaudler’s equity, equivalent to 41.2 lakh shares, exchanged hands.
- Transaction Value: The shares were traded at ₹1,352 per share, amounting to a total transaction value of ₹557.3 crore.
The identities of the buyer and seller have not been disclosed yet, but a significant block deal involving 9.2% equity could influence the stock’s movement today. The company’s shares closed 1.02% lower at ₹1,360.00 in the previous trading session.
In a recent update, GMM Pfaudler, being a prominent BSE500 company, has recently witnessed one of the highest upgrades in its FY25 and FY26 earnings per share (EPS) estimates. In contrast, companies like BHEL Ltd, Rites Ltd, and VIP Industries saw considerable downgrades following their June quarter earnings.
