Gujarat Mineral Development Corporation Sees Surge in Trading Activity and Performance Metrics
Gujarat Mineral Development Corporation Ltd. has become a highly active stock, with a traded volume of nearly 7.92 million shares and a value of around Rs 354.54 crores. The company has shown consistent gains, outperforming its sector and maintaining strong liquidity and 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 reported a total traded volume of 7,917,760 shares, with a total traded value of approximately Rs 354.54 crores. The stock opened at Rs 434.0 and reached a new 52-week high of Rs 458.7, marking a 5.24% increase for the day.In terms of performance, GMDCLTD has outperformed its sector by 4.27%, with a notable 6.55% return on the day. The stock has shown consistent gains over the past four days, accumulating a total return of 20.69% during this period. Additionally, GMDCLTD is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Investor participation has also seen a rise, with a delivery volume of 2,279,000 shares on July 21, reflecting a 44.21% increase compared to the 5-day average. The stock's liquidity remains robust, supporting a trade size of Rs 11.42 crores based on 2% of the 5-day average traded value. Overall, Gujarat Mineral Development Corporation Ltd. continues to demonstrate strong performance metrics within its industry.
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