India's Gujarat Mineral Development sees best day in 11 mths on Q3 profit jump

Gujarat Mineral Development

15/02/2023 06:19

** Shares of mining company Gujarat Mineral Development Corporation
 GMDC.NS  rise as much as 11.67% to 144.45 rupees, their sharpest intraday pct
gain since March 3, 2022
    ** Stock hits highest level since Feb 2, rising after four straight sessions
of losses
    ** GMDC reports 77.6% rise in Q3 consolidated profit to 2.66 bln rupees
($32.1 mln)
    ** More than 4.2 mln shares change hands by 11:20 a.m. IST, 4.5x 30-day avg
- co's most active trading session since Sept. 6
    ** Stock up 98.6% in 2022
($1 = 82.8775 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))