Gujarat Mineral Development Corporation Ltd rose 8.98% today to trade at Rs 93.45. The S&P BSE Energy index is up 1.42% to quote at 4792.27. The index is up 6.13 % over last one month. Among the other constituents of the index, Gujarat Gas Ltd increased 3.55% and Selan Explorations Technology Ltd added 3.23% on the day. The S&P BSE Energy index went up 15.61 % over last one year compared to the 10.03% surge in benchmark SENSEX.

Gujarat Mineral Development Corporation Ltd has added 18.52% over last one month compared to 6.13% gain in S&P BSE Energy index and 2.11% rise in the SENSEX. On the BSE, 18967 shares were traded in the counter so far compared with average daily volumes of 13632 shares in the past one month. The stock hit a record high of Rs 147 on 19 Apr 2018. The stock hit a 52-week low of Rs 69 on 14 Feb 2019.

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Net profit of Gujarat Mineral Development Corporation declined 35.88% to Rs 50.37 crore in the quarter ended December 2018 as against Rs 78.56 crore during the previous quarter ended December 2017. Sales declined 18.91% to Rs 410.38 crore in the quarter ended December 2018 as against Rs 506.06 crore during the previous quarter ended December 2017.

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Gujarat Mineral Development Corpn. will hold a meeting of the Board of Directors of the Company on 13 February 2019.

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Net loss of Gujarat Mineral Development Corporation reported to Rs 222.38 crore in the quarter ended September 2018 as against net profit of Rs 113.05 crore during the previous quarter ended September 2017. Sales declined 14.97% to Rs 293.97 crore in the quarter ended September 2018 as against Rs 345.74 crore during the previous quarter ended September 2017.

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