GMDC fell 1.71% to Rs 100.70 at 11:04 IST on BSE on profit booking after the stock rose 15.24% in the preceding six trading sessions to Rs 102.45 on 10 October 2013, from a recent low of Rs 88.90 on 1 October 2013.
Meanwhile, the BSE Sensex was up 198.72 points, or 0.98%, to 20,471.63.
On BSE, 30,000 shares were traded in the counter compared with average volume of 73,743 shares in the past one quarter.
The stock hit a high of Rs 103.85 and a low of Rs 100 so far during the day. The stock hit a 52-week high of Rs 221.70 on 23 November 2012. The stock hit a 52-week low of Rs 76 on 2 August 2013.
The stock had outperformed the market over the past one month till 10 October 2013, rising 21.24% compared with the Sensex's 1.38% rise. The scrip had, however, underperformed the market in past one quarter, sliding 6.27% as against Sensex's 5.07% rise.
The mid-cap company has an equity capital of Rs 63.60 crore. Face value per share is Rs 2.
Net profit of GMDC declined 30.40% to Rs 118.68 crore on 25.46% decline in net sales to Rs 370.09 crore in Q1 June 2013 over Q1 June 2012.
GMDC is primarily engaged in exploration and development of mineral resources. The company produces lignite, bauxite, calcined bauxite, fluorspar and manganese ore. It is also engaged in the generation of power. The company offers lignite for various industrial units, including textiles, chemicals, ceramics, bricks and captive power.
As on 30 June 2013, the Gujarat state government held 74% stake in GMDC.
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