India's Gujarat Mineral jumps on report of developing copper mine

Gujarat Mineral Development

19/12/2023 09:22

** Shares of Gujarat Mineral Development Corp  GMDC.NS  rise
as much as 4.9% to 423.90 rupees
    ** GMDC plans to spend 9 bln rupees ($108.24 mln) to develop
underground copper mine in Gujarat state - Hindu BusinessLine
report
        ** GMDC did not immediately reply to Reuters' request
for confirmation of the plan         
  
    ** Stock on track to snap three consecutive sessions of
losses, if trend holds; eyes sixth straight month of gains
    ** More than 6.2 mln shares change hands by 2:26 p.m. IST,
0.9x the 30-day avg
    ** Stock up ~184% YTD



($1 = 83.1490 Indian rupees)

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