NSE: GMDCLTD · 11 November 2026
- Gujarat Mineral Development Corporation has risen 16.29% over 5 trading sessions; today's move is +3.64%.
- Gujarat Mineral Development Corporation Limited submitted its unaudited financial results for the quarter and period ended September 30, 2026, to the stock exchanges. The filing outlines the company's revenue, expenditure, and profitability metrics for the second quarter of the financial year. These disclosures allow market participants to evaluate operational performance in its core mining and energy segments.
- Trading volume was 1.25 times the 20-day average daily volume.
Gujarat Mineral Development Corporation share price: 16.29% rise over 5 trading sessions
Gujarat Mineral Development Corporation Ltd. shares moved higher in the latest session, gaining 3.64% to close at ₹495.65 compared to its previous close of ₹478.25. The stock opened at ₹480.65, touched an intraday high of ₹507.00, and found a low of ₹478.50 during the day.
The broader market and sector also experienced positive momentum during the session. The Nifty index advanced by 0.84%, while the Nifty Energy sector benchmark rose 1.03%. The stock's movement sits against a backdrop of a 16.29% return over the past 5 trading days and a 5.68% gain over the past 20 trading days, pointing to sustained buying interest over the short term.
While no new operational catalyst was announced on the day of the move, the company's recent corporate updates provide backdrop context. These include the financial results for the period ended September 30, 2026, and the presentation of a dividend of ₹9.50 per share for the fiscal year 2025-26 to the Government of Gujarat. These fundamental disclosures, alongside steady operational performance in its mining operations, continue to shape investor sentiment.
27.78 lakh shares traded by 11 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 22.19 lakh shares (1.25 times). The five-day average daily volume was 60.45 lakh shares. Separately, the NSE report for 11 November 2026 showed 7.27 lakh shares delivered, representing 26.19% of that day’s traded volume. The same report recorded 63,997 trades.
The stock gained 3.64% alongside above-average trading volume (1.25x of its 20-day average) and positive sector participation. While no single same-day press announcement triggered the move, the advance builds on recent positive short-term returns and fundamental operational context.
Latest Company Developments
Gujarat Mineral Development Corporation Limited submitted its unaudited financial results for the quarter and period ended September 30, 2026, to the stock exchanges. The filing outlines the company's revenue, expenditure, and profitability metrics for the second quarter of the financial year. These disclosures allow market participants to evaluate operational performance in its core mining and energy segments.
Quarterly earnings updates provide direct visibility into the company's revenue growth, profit margins, and overall financial health.
The company presented a dividend cheque of ₹223.55 crore to the Chief Minister of Gujarat, representing the state government's 74% share of the final dividend for fiscal year 2025-26. The total dividend payout amounted to ₹302.10 crore at ₹9.50 per equity share, following a standalone profit after tax of ₹990.81 crore for the year. Management highlighted that this aligns with the state's progressive dividend policy for public sector enterprises.
Strong capital returns and consistent dividend payouts underline the company's cash flow generation and state-backing credibility.
The board of directors appointed Prof. Amit Karna as an Additional Independent Director for a period of five consecutive years, effective October 21, 2026. Prof. Karna is a Professor of Strategy at IIM Ahmedabad and brings expertise in strategic management, technology, and innovation management. He was also appointed as a member of the company's audit committee.
Board composition changes strengthen corporate governance and bring specialized strategic expertise to oversight functions.
Gujarat Mineral Development Corporation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Appointment of Mr Prof. Amit Karna as Non- Executive Independent Director of the company effective. October 21, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 0.23% on 30 September 2026. This compares with 0.45% on 30 June 2026, a change of -0.22 percentage points.
The filing reported 17 MF/UTI holders.
What to Watch Next
- Execution progress across lignite mining operations and newly developed coal blocks in Odisha.
- Upcoming quarterly financial performance and margin trends in core mineral segments.
- Volume and delivery participation trends relative to the 20-day average.
- Developments regarding diversification projects in copper, rare earth elements, and green energy capacity.
Other Dated Coverage
- Gujarat Mineral Development Corporation Share Price Today: Rises 10.52% in 2 Trading Sessions | 4 November 202 — 4 November 2026
- Gujarat Mineral Development Corporation Share Price Today: Why GMDCLTD Is Falling 6.18% | 30 October 2026 — 30 October 2026
More Gujarat Mineral Development Corporation news and dated analysis →
Frequently Asked Questions
What is the latest Gujarat Mineral Development Corporation company news?
Gujarat Mineral Development Corporation Limited submitted its unaudited financial results for the quarter and period ended September 30, 2026, to the stock exchanges. The filing outlines the company's revenue, expenditure, and profitability metrics for the second quarter of the financial year. These disclosures allow market participants to evaluate operational performance in its core mining and energy segments.
How strong was Gujarat Mineral Development Corporation’s trading volume?
27.78 lakh shares traded, 1.25 times the 20-day average daily volume. The price and volume data are dated 11 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.