There are many stocks in the portfolio of Congress leader and Lok Sabha MP Rahul Gandhi, which has kept Rahul Gandhi’s portfolio in strong profits. One of these is the stock of GMM Pfaudler, a service provider to the chemical, pharma, food and energy industries. Today, on August 28, its shares saw a stormy rise. This stock rose sharply due to the block deal. During intra-day, GMM Pfaudler’s shares rose up to 12 percent.
Due to profit booking, the share price of this company softened a bit, at the end of trading, GMM Pfaudler’s stock closed at Rs 1,402.85 with a jump of 3.35% on BSE. While during intra-day, the stock jumped 12.81 percent to reach the level of Rs 1530.80. During the last 6 months, this stock has gained only 5.29 percent. At the same time, in one month it has presented a negative return of 4 percent.
Today, on 28th August, a block deal of GMM shares worth Rs 557.3 crore was done. Under this, about 41.2 lakh shares were transacted, which is equal to 9.2 percent stake of the company. This block deal was done at a price of Rs 1352. However, it has not yet been revealed between whom this block deal was done.
The stock fell so much in one year
Since January, this stock has fallen by more than 11 percent. On January 1, this stock was at Rs 1592, which has now fallen by more than 11 percent to Rs 1,402.85. Whereas a year ago this stock was trading at Rs 1548, which has fallen by 9.40 percent till now. During the last five years, this stock has gained 185.45%.
How many shares does Rahul Gandhi have?
According to Rahul Gandhi’s portfolio, Rahul Gandhi has 1121 shares of this company. Rahul Gandhi’s portfolio has been revealed in the affidavit filed in the Lok Sabha. According to the shareholding pattern of this company in the June quarter, mutual funds have 10.44 percent stake in it and foreign investors have 22.20 percent stake.
The price was once Rs 234
GMM Pfaudler shares were at Rs 234 on March 9, 2018. It has given a return of 500 percent during this period. This stock has shown a lot of growth in the last few years and has crossed the maximum level of Rs 2000. However, after this the stock declined and it has come down to Rs 1400. Its 52-week high level is Rs 1,897.95 and its 52-week low level is Rs 1,143.10.
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Source (PTI) (NDTV) (HINDUSTANTIMES)