India's Gujarat Mineral Development Corp down on qtrly profit fall

Gujarat Mineral Development

28/05/2024 09:06

** Shares of Gujarat Mineral Development Corp  GMDC.NS  down
3% to 390.7 rupees
    ** The lignite miner's March-qtr profit fell ~54% Y/Y, rev
from ops down ~25% 
    ** Stock to log sixth straight session of losses, if trend
holds 
    ** Its shares have fallen 6.7% so far in May, after rising
in the previous month 



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))