GMDC Share rises 3.06% as company to declare financial results
State-owned Mineral and Lignite Mining firm, Gujarat Mineral Development Corporation (GMDC) has announced through stock exchange filing that it will declare the financial results of Q4 and will also consider the dividend.
The Board of Directors of the Company will meet on Thursday, 15th May, 2025 (i) to consider and approve audited Financial Results (consolidated and standalone) for the Fourth Quarter and Financial Year ended on 31st March, 2025 and (ii) To recommend dividend, if any, for the Financial Year ended on 31st March, 2025, the company stated in the filing.
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In addition to this, the Gujarat Mineral Development Corporation (GMDC) has signed a Long-Term Supply Agreement (LSA) with City Gold Pipes (A consortium of Goldcrest Cement and Kailash Darshan Housing Development (Gujarat)) for the supply of 150 million tons of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch District in Gujarat.
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The stock has opened today at Rs 292.10 and currently it is trading higher by 3.01% at Rs 305.00. The stock has been corrected over by 3.11% in the last one month. The 52-week high is at Rs 442.00 and the dividend yield is at 3.13%.
Stock Price Target:
According to INDmoney, the stock of Gujarat Mineral Development Corporation (GMDC) is currently trading at a target price of Rs 206. In comparison to the current price of Rs 309.3, this indicates a decline of -32.48%. However, Anand Rathi's suggested target price of Rs 315 is reported by The Economics Times.
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