Most of the companies are increasing CAPEX an acting on capex plans and in that scenario one can not underestimate the power of GMM in pharma space . it is proxy to play capex cycle cateringto versatile group of industries .Now Gujrat Machine Manufacturing (GMM prafudler ) is making a technical breakdown after consolidation of two long years and no over hear supply barriers in place will be a strong trigger for the up beat of the price … and it is also coupled with the completion of acquisition of parent company by patels will increase the market reach and production efficiencies and scale of operations
“ICRA notes that there would be some increase in the company’s debt levels at the consolidated level than our earlier expectations, which would moderate the debt coverage metrics. However, the increased scale of operations as well as expansion in profitability from the business shall support its credit profile”
Trading all above key SMA 10,20,50,200
Disc : invested so i might be biased this is not an investment advice i am not SEBI approved broker or advisor, shared for education purpose
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