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GMDC edges higher on reporting over two folds rise in Q2 net profit

15 Oct 2012 Evaluate

Gujarat Mineral Development Corporation (GMDC) is currently trading at Rs 207.00, up by 1.15 points or 0.56% from its previous closing of Rs 205.85 on the BSE.

The scrip opened at Rs 206.65 and has touched a high and low of Rs 212.45 and Rs 205.85 respectively. So far 254069 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 212.60 on 29-Feb-2012 and a 52 week low of Rs 151.25 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs 210.55 and Rs 197.00 respectively. The current market cap of the company is Rs 6608.04 crore.

The promoters holding in the company stood at 74.00% while Institutions and Non-Institutions held 19.83% and 6.17% respectively.

Gujarat Mineral Development Corporation (GMDC) has reported results for second quarter ended September 30, 2012.

The company has posted a rise of 169.58% in its net profit at Rs 168.81 crore for the quarter ended September 30, 2012 as compared to Rs 62.62 crore for the same quarter in the previous year. Total income has increased by 71.69% at Rs 444.34 crore for quarter under review as compared to Rs 258.80 crore for the quarter ended September 30, 2011.

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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