Stock of this Gujarat government-owned company has zoomed 91% in 7 weeks

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007

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SI Reporter Mumbai

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Shares of Gujarat Mineral Development Corporation (GMDC) moved higher by 14 per cent to Rs 323.70, hitting a new high on the BSE in Friday's intraday trade, on the back of heavy volumes amid healthy business outlook.

The stock of the industrial minerals company surpassed its previous high of Rs 316.18, touched on November 12, 2007. In the past seven weeks, the market price of GMDC has zoomed 91 per cent from a level of Rs 169.75 seen on August 10, 2023. Since April, it has skyrocketed 156 per cent.

First Published: Sep 29 2023 | 2:47 PM IST

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