The share has become multibagger in the last 6 months and has yielded 126% return since 3 March, when the share floated at its 52 -week low of RS 226.
GMDC shares are currently acting above their 50-day and 200-day simple advancing averages (SMAS) of RS 413.9 and RS 341.8 respectively.
Momentum indicators show the share in a strong overbough zone with an MFI of 83 according to Trendlyne. The rally has received a price because the share has traded at a high beta of 1.8, which reflects high volatility.
The 5-year returns of the shares are no less than 900%.
The SmallCap company reported a consolidated net profit of RS 164 Crore in the quarter of June, with 11% JoJ versus RS 184 Crore in the corresponding quarter of the last financial year. The total turnover in the revision of the quarter was RS 810 Crore, a decrease of 8% of RS 878 Crore in Q1FY24.
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GMDC is one of the leading mineral and mineral processing companies in India with activities for more than five decades. A zero debt company, GMDC, is the second largest brown coal-producing company in India.
In a recent comment, Brokerage Nuvama retained his ‘reduction’ rating in stock while reducing the target price from RS 237 to RS 231. The broker has called it “Duration”. “We still have to hear something related to rare earth extraction of the company,” said the memorandum.
“GMDC placed in-line EBITDA from INR1.7BN in Q1FY26 (our estimate: INR1.8BN), 20% YOY DALEN Due to a lower lignite sales volume (Down 14% YOY) and higher COP/T. Power EBIT ROSE YOY. MEMBER. Invoicing in a lower lightite volume.
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