Indian miner Gujarat Mineral Development Corp extends tumble

Gujarat Mineral Development

12/02/2024 07:40

** Shares of Gujarat Mineral Development Corp  GMDC.NS  down
~9.5% at 389 rupees
    ** Mining co on Friday reported a 56% drop in Dec-quarter
profit, revenue fell ~34      
    ** Stock had settled 10.5% lower on Friday after the results
    ** GMDC has lost ~19% since Friday, its biggest two-day fall
since May 2022 
    ** Stock down ~15% in Feb so far, after rising 12.5% in Jan
    

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))