GMDC Faces Continued Stock Decline Amid Broader Mining Sector Challenges

Mar 03 2025 11:50 AM IST
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Gujarat Mineral Development Corporation (GMDC) has seen a notable decline in its stock price, reaching a new 52-week low. The company has faced consecutive losses over the past six days and is trading below key moving averages, reflecting a bearish trend amid broader sector challenges.
Gujarat Mineral Development Corporation (GMDC) has experienced significant downward movement in its stock price, losing 5.32% on March 3, 2025. The stock reached a new 52-week low of Rs. 226.2 during the trading session, marking a notable decline as it underperformed the sector by 1.69%. Over the past six days, GMDC has faced consecutive losses, totaling a decline of 15.23%.

The stock's performance today saw it touch an intraday low of Rs. 226.2, reflecting a drop of 6.7%. In terms of technical indicators, GMDC is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The broader Mining & Minerals sector also faced challenges, declining by 3.64%.

In the context of dividend yield, GMDC offers a high yield of 3.93% at its current price. Over the past month, the stock has fallen by 25.02%, contrasting sharply with the Sensex, which has only decreased by 5.62%. This performance highlights the ongoing challenges faced by GMDC in the current market environment.
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