Gujarat Mineral Development Corporation gains on reporting over 3-fold jump in Q2 consolidated net profit
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Gujarat Mineral Development Corporation is currently trading at Rs. 143.95, up by 2.60 points or 1.84% from its previous closing of Rs. 141.35 on the BSE.
The scrip opened at Rs. 142.50 and has touched a high and low of Rs. 148.70 and Rs. 142.50 respectively. So far 376303 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 228.50 on 07-Apr-2022 and a 52 week low of Rs. 64.30 on 01-Dec-2021.
Last one week high and low of the scrip stood at Rs. 148.70 and Rs. 137.80 respectively. The current market cap of the company is Rs. 4626.90 crore.
The promoters holding in the company stood at 74.00%, while Institutions and Non-Institutions held 5.77% and 20.23% respectively.
Gujarat Mineral Development Corporation has reported over 3-fold jump in its net profit at Rs 150.60 crore for second quarter ended September 30, 2022 as compared to Rs 41.13 crore for the corresponding quarter previous year. Total income of the company increased by 19.71% to Rs 591.71 crore for the quarter under review as compared to Rs 494.30 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 151.22 crore for second quarter ended September 30, 2022 as compared to Rs 40.46 crore for the same quarter in the previous year. Total income of the company increased by 19.56% to Rs 591.46 crore for the quarter under review as compared to Rs 494.71 crore for the same quarter in the previous year.
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