GMM Pfaudler gains 96% in 10 weeks, 9 closed green

GMM Pfaudler Limited rose 12% this week and 96% over 10 weeks. Weekly chart shows 9 green closes. See the ₹1,530 resistance and what to watch next. GMM Pfaudler Limited (NSE:

) ended at ₹1,454 on 18 September 2026, up 6.8% on the day and 12% for the week. On the weekly chart, 9 of the last 10 weeks closed green, adding about 96% in total. The small-cap engineering stock is now almost double from the 52-week low made in June 2026 about ₹735. The rally has business support. Q1 FY27 order backlog was a record ₹2,289 crore, up about 20% from last year. Defence, nuclear, mining and oil and gas made up 43% of Q1 orders. The trend is strong, but earnings quality needs a check. Q1 profit rose 118% to ₹22.1 crore, yet EBITDA fell 7% and margin was 10.1%. Forex gains and lower finance costs helped the profit. After a near 100% run, the stock needs better margins to hold these levels, so a pause is possible. Management indicated that much of the current order book carries 10–12 month execution cycles, supporting FY27 revenue visibility. What I am watching: ₹1,530 is the immediate resistance. A weekly close above it may keeps the uptrend intact. So the stock prices are positive on trend, cautious on chasing. Disclosure: Neither I nor my family members hold any position in the mentioned scrip. This content is shared solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell.