Gujarat Mineral Development Corporation Shows Strong Trading Activity Amid Sector Trends
Gujarat Mineral Development Corporation Ltd. (GMDCLTD) has shown notable trading activity, with nearly 15 million shares exchanged and a total value of around Rs 89.32 crore. The stock reached a new 52-week high, indicating strong market performance despite a decline in investor participation.
Gujarat Mineral Development Corporation Ltd. (GMDCLTD) has emerged as one of the most active stocks today, reflecting significant trading activity in the minerals and mining sector. The company recorded a total traded volume of 14,979,845 shares, with a total traded value of approximately Rs 89.32 crore. The stock opened at Rs 569.5 and reached a new 52-week high of Rs 610.8 during the trading session, marking an intraday increase of 8.08%. The last traded price was Rs 598.65, indicating a one-day return of 6.08%, which notably outperformed the sector's return of 0.34% and the Sensex's decline of 0.43%.
Despite this positive performance, there has been a decline in investor participation, with delivery volume on September 22 falling by 33.91% compared to the five-day average. However, GMDCLTD remains liquid, with a trading capacity sufficient for a trade size of Rs 8.48 crore, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
Overall, Gujarat Mineral Development Corporation Ltd. has demonstrated robust activity today, reflecting its strong market position within the small-cap segment of the minerals and mining industry.
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