539% return in 5 years: GMDC share price rallies 10% - What’s fuelling the PSU stock rally? Decoded
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gujarat Mineral Development Corporation shares rallied 10.15% on Wednesday, extending a winning streak.
- ✓The stock saw a massive volume spurt, with 31,700 trades recorded by 11:18 am.
- ✓This jump followed a recent dip to 52-week lows after the company reported a profit drop to ₹170.79 crore in the second quarter.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
GMDC Share price today: Shares of Gujarat Mineral Development Corporation rallied nearly 10.15% higher during Wednesday’s trading session, as the PSU stock extended its two days winning streak. With the rally, GMDC share price has delivered 7.51% return over the past one week.
The recent uptick in GMDC share price has come after it dipped to its 52-week low levels post the announcement of second quarter results for the financial year 2026-27.
GMDC share price rally post spurt in volume
The sharp rally during Wednesday’s trading session came as the stock witnessed a strong spurt in volume by more than 17.28 times. GMDC shares saw 31,700 trades at 11:18 am on Wednesday, according to BSE data. The PSU stock's slide to a 52-week low also coincided with a sharp 2.07-fold surge in trading volumes.
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