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GMDC shines on reporting 59% jump in Q1 net profit

30 Aug 2016 Evaluate

Gujarat Mineral Development Corporation (GMDC) is currently trading at Rs 98.60, up by 7.95 points or 8.77% from its previous closing of Rs. 90.65 on the BSE.

The scrip opened at Rs 98.00 and has touched a high and low of Rs 100.50 and Rs 96.25 respectively. So far 631266 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 100.50 on 30-Aug-2016 and a 52 week low of Rs 52.35 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs 93.95 and Rs 89.10 respectively. The current market cap of the company is Rs 3160.92 crore.

The promoters holding in the company stood at 74.00%, while Institutions and Non-Institutions held 15.12% and 10.88% respectively.

GMDC has reported 58.94% rise in its net profit at Rs 114.80 crore for the quarter ended June 30, 2016 as compared to Rs 72.23 crore for the same quarter in the previous year. The company’s total income increased by 26.02% to Rs 447.48 crore for the quarter under review from Rs 355.08 crore for the corresponding quarter of the previous year.

GMDC is engaged in business of mining and mineral processing. The company manufactures two grades of fluorspar namely acid and metallurgical. It owns two bauxite reserve located at Kutch and Jamnagar.

GMDC Share Price

733.40 -13.60 (-1.82%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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