13 MAY 2015Business Standard
Gujrat Mineral Development Corporation saw boost in shares after bulk deal
Edited by : AL CIRCLE
1 min read
GMDC or Gujrat Mineral Development Corporation engaged in exploration and development of mineral resources like bauxite rose 1.24% to INR 97.95 at 11:56 IST on BSE, after 0.44% equity changed hands in a bulk deal on the BSE on 8th May 2015.
The stock had underperformed the market over the past one month till 7 May 2015, falling 17.13% compared with 6.72% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 19.88% as against Sensex's 7.38% fall.
GMDC's net profit fell 3.2% to INR 79.68 crore on 12.2% rise in net sales to INR 326.37 crore in Q3 December 2014 over Q3 December 2013.
As on 31 March 2015, the Gujarat state government held 74% stake in GMDC.
The stock had underperformed the market over the past one month till 7 May 2015, falling 17.13% compared with 6.72% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 19.88% as against Sensex's 7.38% fall.
GMDC's net profit fell 3.2% to INR 79.68 crore on 12.2% rise in net sales to INR 326.37 crore in Q3 December 2014 over Q3 December 2013.
As on 31 March 2015, the Gujarat state government held 74% stake in GMDC.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Nawailevu landowners will get their fair share of money - Mere Vuniwaqa
Next articleRio Tinto plans to expand its bauxite operations in South of Embley, Queensland
Grow with
AL Circle
