GMDC Hits 52-Week Low Amidst Ongoing Stock Decline and Sector Outperformance

Jan 13 2025 09:36 AM IST
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Gujarat Mineral Development Corporation (GMDC) has hit a new 52-week low, experiencing a decline over the past four days. The stock is trading below multiple moving averages, reflecting bearish investor sentiment. Despite a significant yearly performance drop, GMDC offers a high dividend yield of 3.2%.
Gujarat Mineral Development Corporation (GMDC) has recently reached a new 52-week low of Rs. 293.4, reflecting a notable downturn as the stock has fallen consecutively over the past four days, totaling a decline of 5.25%. Despite this negative trend, GMDC has managed to outperform its sector by 0.41% today.

Currently, GMDC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prevailing bearish sentiment among investors. Over the past year, the stock has faced significant challenges, with a performance decline of 36.32%, contrasting with the Sensex's gain of 5.77%. However, GMDC does offer a high dividend yield of 3.2%, providing some return to shareholders during these turbulent times.
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