Gujarat Mineral Development Corporation Ltd. Trades 4.05 Million Shares, Valued at Rs 24.67 Crore
Gujarat Mineral Development Corporation Ltd. has seen notable trading activity, with a volume of over 4 million shares and a value of approximately Rs 24.67 crores. The stock is currently trading near its 52-week high, despite a decrease in investor participation and delivery volume.
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 4,050,591 shares, with a total traded value of approximately Rs 24.67 crores. The stock opened at Rs 605.4 and reached an intraday high of Rs 618.5, marking a 2.03% increase from the previous close of Rs 606.2. Currently, GMDCLTD is trading at Rs 615.15, which places it just 3.88% away from its 52-week high of Rs 642. Notably, the stock has outperformed its sector by 1.4% today, while the broader market, represented by the Sensex, has seen a decline of 0.17%.
Despite this positive performance, there has been a decline in investor participation, with delivery volume dropping by 12.18% compared to the five-day average. However, the stock remains liquid, with a trading capacity sufficient for a trade size of Rs 23.1 crores, based on 2% of the five-day average traded value. Overall, Gujarat Mineral Development Corporation Ltd. continues to show strong performance indicators within its market segment.
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