Gujarat Mineral Development Corporation Share Price

Gujarat Mineral Development Corporation Investment Rating

• Master Rating:

• Gujarat Mrl.Dev.Corp. has an operating revenue of Rs. 2,766.33 Cr. on a trailing 12-month basis. An annual revenue growth of 94% is outstanding, Pre-tax margin of 26% is great, ROE of 8% is fair but needs improvement. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 16% and 30% from 50DMA and 200DMA. It is currently FORMING a base in its weekly chart and is trading around 21% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 71 which is a FAIR score but needs to improve its earnings, a RS Rating of 91 which is GREAT indicating the outperformance as compared to other stocks, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 22 indicates it belongs to a strong industry group of Energy-Coal and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.