Gujarat Mineral Development Corporation Sees Surge in Trading Activity Amid Market Dynamics
Gujarat Mineral Development Corporation Ltd. has seen significant trading activity, with over 18 million shares exchanged and a total value of around Rs 101.30 crores. The stock reached a new 52-week high and has consistently outperformed its sector, despite a decline in investor participation.
Gujarat Mineral Development Corporation Ltd. (GMDCLTD) has emerged as one of the most active stocks today, with a total traded volume of 18,343,911 shares and a total traded value of approximately Rs 101.30 crores. The stock opened at Rs 525.00 and reached a new 52-week high of Rs 568.45, reflecting an intraday increase of 8.83%. The last traded price stands at Rs 546.35.In terms of performance, GMDCLTD has outperformed its sector by 0.89%, while the stock has maintained a steady position above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 31.17% compared to the 5-day average, totaling 174,100 shares on September 10.
The stock's liquidity remains robust, with a trade size of Rs 14.88 crores based on 2% of the 5-day average traded value. Overall, Gujarat Mineral Development Corporation Ltd. continues to show significant activity in the minerals and mining sector, reflecting its current market dynamics.
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