India's Gujarat Mineral Development Corp rises on capital outlay for FY25

Gujarat Mineral Development

22/02/2024 10:11

** Shares of miner Gujarat Mineral Development Corp  GMDC.NS  up
3.8% to 416.5 rupees 
    ** GMDC says it has approved a capital outlay of 30.41 bln
rupees (about $367 mln) for the fiscal year 2025
    ** Stock on track to snap two consecutive weeks of losses,
if trends hold 
    ** GMDC trading above its 200-day moving average since last
April 
    ** Including session's moves, stock up 2.1% so far this
year, following a 177.5% surge in 2023



($1 = 82.8920 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))