GMDC shares climb over 10% as trading volume spikes, extending two‑day rally

GMDC shares surged 10.15% to ₹468.80 on Wednesday, extending a two‑day winning streak and pushing the weekly gain to 7.51%. The rally was fueled by a volume surge of more than 17.28 times, with 31,700 trades recorded at 11:18 am according to BSE data. The price jump followed a dip to a 52‑week low of ₹394.95 on November 2, 2025 after the company reported a 63% fall in net profit to ₹170.79 crore for Q2 FY27, down from ₹465.75 crore a year earlier. Despite the profit decline, total income rose to ₹986.78 crore from ₹635.76 crore in the comparable period. By market close, the stock’s market capitalisation stood at ₹14,907.84 crore. Over the past two weeks the share price has risen 5.88%, while it fell 15.67% in the last three months, 35.77% in six months and 21.78% in the current calendar year. Over longer horizons the PSU stock has delivered returns of 31.13% in two years, 43.28% in three years and an impressive 539% in five years. ## Context PSU stocks such as Gujarat Mineral Development Corporation often experience sharp moves after earnings releases, reflecting investor reactions to profit swings and revenue growth. The recent volume surge indicates heightened trading interest following the mixed earnings news.