Gujarat Mineral Development Corporation Ltd. Sees Rs 24,790.18 Lakhs in Trade Value Today
Gujarat Mineral Development Corporation Ltd. (GMDCLTD) has seen notable trading activity, with nearly 4 million shares exchanged and a market capitalization of Rs 19,948 crore. Despite a decline today, the stock remains close to its 52-week high, indicating ongoing investor interest in the minerals and mining sector.
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 3,998,996 shares, with a total traded value of approximately Rs 24,790.18 lakhs. The stock opened at Rs 626.15 and reached a day high of Rs 631.45, while the intraday low was recorded at Rs 611.35. Currently, the last traded price stands at Rs 615.70, marking a decline of 2.03% for the day. Notably, GMDCLTD is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its longer-term performance metrics.
Despite today's underperformance, where it lagged behind its sector by 1.19%, the stock remains close to its 52-week high, just 3.82% away from Rs 642. Additionally, the delivery volume surged to 613,700 shares on September 23, reflecting a 300.98% increase compared to the 5-day average, suggesting rising investor participation.
With a market capitalization of Rs 19,948 crore, GMDCLTD continues to demonstrate liquidity suitable for trades around Rs 21.48 crore. Overall, the stock's performance today highlights a mix of volatility and resilience within the small-cap segment of the minerals and mining industry.
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