Yield 2.80%, 1:5 Split: Multibagger Mining PSU To Consider Dividend, Results On May 27

Board of Directors of leading public sector undertaking from the mining & mineral sector, Gujarat Mineral Development Corporation Ltd. will meet on May 27, 2024 to consider financial results and recommend dividend for FY 2023-24, if any. Current market price of Gujarat Mineral Development Corporation Ltd. share on BSE is Rs 408.85 per share with intraday fall of 0.50%. Gujarat Mineral Development Corporation shares zoomed 165% in last 1-year and 464% in last 3-years. More details below:

Gujarat Mineral Development Corporation Ltd To Consider Dividend: As per the BSE filing of Gujarat Mineral Development Corporation Ltd dated May 16, "the Board of Directors of the Company will meet on Monday, 27" May, 2024 for (i) consideration and approval of the audited Financial Results and audited annual Financial Statements (consolidated and standalone) for the year ended on 31.03.2024 and (i) recommendation of dividend for the FY 2023-24, if any."

Gujarat Mineral Development Corporation Dividend History: Gujarat Mineral Development Corporation Ltd. announced 24 dividends since September 6, 2000. In last 1 year, Gujarat Mineral Development Corporation Ltd announced an equity dividend amounting to Rs 11.45 per share. At the current share price of Rs 409.0500, Gujarat Mineral Development Corporation Ltd. offers dividend yield of 2.80%.

Gujarat Mineral Development Corporation Bonus Share History: Gujarat Mineral Development Corporation Ltd. offered 1 bonus issue since October 16, 2008. The last bonus issue that Gujarat Mineral Development Corporation Ltd. declared was in the ratio 1:1 with ex-date of October 16, 2008.

Gujarat Mineral Development Corporation Stock Split History: Gujarat Mineral Development Corporation Ltd. split the face value of its share once since November 8, 2007. Gujarat Mineral Development Corporation last split the face value of its shares from Rs 10 to Rs 2 in 2007.The share quoted ex-split as on November 8, 2007.

Gujarat Mineral Share Performance: The 52-week high price of Gujarat Mineral Development Corporation share on BSE is Rs 505.00 per share (as on 05/02/2024) and 52-week low price is Rs 152.85 per share (as on 17/05/2023). Its market capitalisation is Rs 13,001.43 crore. Gujarat Mineral Development Corporation shares gave return of 5.82% in last 1-week, declined over 5% year-to-date, zoomed 142%, offered return of 461% in last 5-years.

Shareholding: FII/FPI have increased holdings from 1.76% to 1.82% in March 2024 quarter. Number of FII/FPI investors increased from 75 to 86 in March 2024 quarter. Mutual Funds have increased holdings from 0.03% to 0.06% in March 2024 quarter. Number of MF schemes increased from 3 to 8 in March 2024 quarter. Promoters holding remains unchanged at 74.00% in March 2024 quarter, according to Trendlyne.

About: Gujarat Mineral Development Corporation Limited, a government of Gujarat enterprise was incorporated with the objective to develop major mineral resources in the Gujarat. In 1970, GMDC started commencing mining of lignite in Kutch district of Gujarat. By the early 70's the industrialization of Gujarat was on a rapid pace, which enforced heavy quantities of fuel to sustain the growth. - GMDC had ranked 112th in terms of excellence in business performance in the list of top manufacturing companies in India accumulated by Industry 2.0 and Investment Research and Information Services Ltd (IRIS).

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