India's Gujarat Mineral Development Corp eyes best day in nearly a year on Q2 profit rise

Gujarat Mineral Development

23/10/2024 08:20

** Shares of Gujarat Mineral Development Corporation 
 GMDC.NS  rise as much as 12.9% to 370.60 rupees
    ** Stock's sharpest intraday pct gain since Nov. 8, 2023
    ** The lignite miner on Tuesday reported 71.4% Y/Y rise in
Q2 consolidated profit, rev from ops rose ~55%
    ** Stock is witnessing its most active trading session since
July 8; more than 10 mln shares change hands, 9.6x of 30-day avg
    ** Stock last up 10.8%, trimming YTD loss to 10.6%



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))