The announcement was made after the trading hours on Thursday, 11 October 2007.

On BSE, 16,880 shares changed hands in the counter. The stock had an average daily volume of 17,099 shares on BSE in past one quarter.

Meanwhile, the BSE Sensex was down 45.70 points, or 0.24%, to 18,768.37.

The stock hit a high of Rs 1,785 and low of Rs 1660 so far during the day. The stock hit a 52-week high of Rs 1,795.85 on 11 October 2007 and a 52-week low of Rs 332.55 on 21 November 2006.

The mid-cap scrip had outperformed the market over the last one month to 11 October 2007, gaining 84.74% compared to the Sensex's return of 21.34%. It had also outperformed the market rising 80.82% compared to Sensex's rise of 23.19% in the past one quarter.

Gujarat Mineral Development Corporation (GMDC)’s current equity share capital is Rs 31.80 crore. Face value per share is Rs 10.

The current price of Rs 1,770 discounts in Q1 June 2007 annualized EPS of Rs 82.06 by a PE multiple of 21.56.

GMDC has fixed 16 November 2007 as the record date for 5-for-1 stock split.

GMDC’s net profit rose 380.1% to Rs 65.24 crore on 45.1% growth in net sales to Rs 219.91 crore in Q1 June 2007 over Q1 June 2007.

The company's principal activity is to explore and develop mineral resources.