Shares of GMDC saw a sharp rally today, rising more than 8% on heavy volumes. The stock opened at ₹569.50 and touched a high of ₹610.80, which also marks the 52-week high for the company. Its intraday low was ₹565.55, while the previous close stood at ₹565.15.
Trading activity was brisk, with over 1.55 crore shares changing hands as of 11:52 AM. Investors seem optimistic about GMDC, pushing the stock to its highest levels in the past year.
GMDC shares were up 6.08% at ₹599.50 apiece around 11:52 am. It has jumped 85.15% this year, so far.
GMDC, short for Gujarat Mineral Development Corporation, is a state-owned mining company based in Gujarat, India. It primarily focuses on the exploration, extraction, and processing of minerals such as bauxite, lignite, fluorspar, and gypsum. Over the years, GMDC has played a significant role in supporting India’s industrial growth by supplying key raw materials to sectors like aluminum, power, and cement. With a strong presence in the mineral sector, GMDC is considered a key player in India’s mining and energy landscape.
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