Gujarat Mineral Development Corporation Sees Surge in Trading Activity and Investor Interest

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 reported a total traded volume of 2,828,152 shares, with a total traded value of approximately Rs 14,798.59 lakhs. The stock opened at Rs 518.00 and reached a day high of Rs 528.70, before settling at a last traded price of Rs 524.55.
Notably, GMDCLTD has outperformed its sector by 1.54%, marking a trend reversal after three consecutive days of decline. The stock's performance today is characterized by a 2.41% return, compared to a modest 0.39% return for the sector and 0.15% for the Sensex. Additionally, GMDCLTD is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum.

Investor participation has also seen a notable increase, with a delivery volume of 52.07 lakhs on September 11, reflecting a rise of 113.17% against the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 24.92 crores based on 2% of the 5-day average traded value. Overall, Gujarat Mineral Development Corporation Ltd. is demonstrating strong performance metrics in the current trading session.