iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

GMDC climbs over 14% in two days

25 Mar 2022 , 11:24 AM

Shares of GMDC have rallied 14.29% in two sessions. The stock hit a 52-week high of 192.50 in intraday today.

In the past one year, it has surged 240.90% while the benchmark Sensex has added 18.58% during the same period.

On the technical front, the stocks RSI (relative strength index) stood at 72.71. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 135.88, 103.47 and 87.05, respectively.

GMDC operates through two segments: mining and power. The companys projects include lignite, bauxite, fluorspar, multi-metal, manganese, power, wind and solar. The State Government of Gujarat holds 74% stake in the company.

On a consolidated basis, GMDC reported net profit of Rs 149.82 crore in Q3 December 2021 as against net loss of Rs 2.76 crore in Q3 December 2020. Net sales surged 120.06% to Rs 724.58 crore in Q3 December 2021 over Q3 December 2020.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.