GMDC Share Price Shows Strong Technical Momentum
GMDC has a good technical performance. It is trading above all its major moving averages – 5-day, 20-day, 50-day, 100-day, 200-day. This indicates that the stock is a good performer relative to its recent past prices and it has good momentum. The minimum value of the stock during the past 52 weeks was ₹226.59 and it occurred on March 3, 2025.
This has since increased the stock price and serves as an indicator of increasing investor interest and strength in the market. This positive trend indicates that the stock of GMDC will likely remain good in the near future.
GMDC Share Price Long-term Returns
According to BSE Analytics, GMDC has provided impressive returns:
- 985% return in five years
- 210% return in three years
- 56% gain in the current year so far
- 103% increase in the last six months
GMDC Share Price Quarterly Financial Results
- In the January-March quarter of the financial year 2024-25, GMDC reported a 20.8% rise in consolidated profit.
- The profit amounted to ₹226.22 crore.
- This is an increase from ₹187.24 crore in the same quarter the previous year.
- The information was shared in the company’s regulatory filing to BSE.
Strategic Agreement: GMDC Investor Growth Opportunity in the Long Term
This is great news to investors because Gujarat Mineral Development Corporation (GMDC) has agreed to a major long-term contract with JK Cement Ltd. In this agreement, GMDC will provide 250 million tonnes of limestone in the next 40 years. The limestone will be procured at the future Lakhpat Punrajpur Mine of GMDC, Lakhpat Taluka in the Kutch district of Gujarat.
To an investor, this is a deal with high revenue visibility and a consistent cash flow over the decades. Having a 40-year agreement with one of the largest cement manufacturers such as JK Cement is also a positive sign to the business model of GMDC and the increase in the role of the company in the building materials industry. As the need for cement and infrastructure products in India is likely to increase, this deal places GMDC on a strong footing in an emerging market.
This is a long-term stock move that can help it, and GMDC is a firm to keep an eye on due to its resource-based stocks.
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