India's Gujarat Mineral Development Corp rises as Sept-qtr profit jumps

Gujarat Mineral Development

18/10/2022 06:22

** Shares of Indian mining and power company Gujarat Mineral
Development Corporation Ltd  GMDC.NS  rise as much as 5.42% to
148.90 rupees, their biggest intra-day pct gain since Sept. 6
    ** GMDC on Tuesday reports Sept-qtr consol net profit of
2.04 bln rupees($24.86 million)vs 488.1 mln rupees yr ago
 urn:newsml:reuters.com:*:nFWN31I3IT
    ** Sept-qtr consol income from ops rises to 5.39 bln rupees
($65.68 mln) vs 4.52 bln rupees yr-ago
    ** Stock rises for fourth straight session 
    ** More than 1.9 mln shares change hands by 0512 GMT, 1.3x
30-day avg of 1.4 mln shares
    ** Stock up 91.27% so far this year, as of last close
($1 = 82.0690 Indian rupees)
 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))