539% return in 5 years: GMDC share price rallies 10% - What’s fuelling the PSU stock rally? Decoded

GMDC share price today: Shares of Gujarat Mineral Development Corporation (GMDC) rallied nearly 10.15% during Wednesday’s trading session, as the PSU stock extended its two-day winning streak. With the rally, GMDC shares have delivered a 7.51% return over the past one week.

The recent uptick in GMDC share price has come after it dipped to its 52-week low levels post the announcement of the company's second quarter results for the financial year 2026-27.

GMDC share price rally post spurt in volume

The sharp rally during Wednesday’s trading session came as the stock saw trading volume surge more than 17.28 times. GMDC shares saw 31,700 trades at 11:18 AM on Wednesday, according to BSE data. The PSU stock's slide to a 52-week low also coincided with a sharp 2.07-fold surge in trading volumes.

GMDC share price dips to 52-week low levels post Q2 results

GMDC share price dipped to its 52-week low levels of ₹394.95 per share on November 2, 2026 after the PSU reported a decline in its net profit to ₹170.79 crore in Q2FY27, 63% down from ₹465.75 crore profit reported in the year-ago period.

The company’s total income during the quarter under review increased to ₹986.78 crore from ₹635.76 crore in the year-ago period, as per its BSE filing.

GMDC share price trend

The stock closed 10.15% higher at ₹468.80 per share on BSE with a market capitalisation of ₹14,907.84 crore on Wednesday, November 4. The stock has surged 7.5% over the past one week, and around 5.88% in two weeks. Its share price has declined 15.67% in three months, around 35.77% in six months, and 21.78% in 2026 so far. Despite its poor performance in the current calendar year, the PSU stock has delivered 31.13% over two years, 43.28% over three years, and 539% over five years.