Gujarat Mineral Development Corpn Ltd – Financials, Fundamentals, Detailed Analysis, and GMDC Share Price Target (2024, 2025, 2026, 2027, 2028, 2029, 2030).
In today’s article, we are going to talk about the GMDC Share Price Target.
Well, the full form of GMDC is Gujarat Mineral Development Corpn Ltd. And it is the stock that can prove to be the best stock for long-term investment.
We did a lot of research and found that there is not much information available about this stock. So, our team has worked hard to collect information about GMDC Share and forecasted GMDC Target Share Price. And with this, we have tried to present in front of you very well. So read this blog completely and share it if possible.
GMDC Overview
Gujarat Mineral Development Corporation Limited (GMDC) is a government-owned company of Gujarat which was founded in 1963. This company is engaged in the business of mining and processing of minerals. GMDC has become one of the biggest or largest mining companies which is headquartered in Ahmedabad, Gujarat.
It is a publicly-traded company that trades in “NSE” and “BSE”. The stock of this company was listed on January 1, 1999, and since then it has given returns of more than 2500%. GMDC diversifies its portfolio of mineral resources and industrial products including Fluorspar, lignite, bauxite, etc. Along with this, the company operates several power plants.
GMDC Financial
In 2020, the company’s revenue surged to 1,521 crore, and its profit also increased to 146 crore. In 2021, the company made a loss of -36 crore with a revenue of 1,343 crore. And in 2022, GMDC earned a strong profit of 405 crore and a revenue of 2,732 crore.
GMDC Fundamentals
| Company | GMDC |
|---|---|
| Market Cap | ₹11.,728 Crore |
| P/E Ratio | 20.13 |
| EPS | 12.52 |
| ROE | 10.09% |
| Dividend Yield | 2.32% |
GMDC Share Price Target Table
| Year | Lowest Price | Highest Price |
|---|---|---|
| GMDC Share Price Target 2023 | ₹275 | ₹285 |
| GMDC Share Price Target 2024 | ₹290 | ₹305 |
| GMDC Share Price Target 2025 | ₹330 | ₹345 |
| GMDC Share Price Target 2026 | ₹380 | ₹395 |
| GMDC Share Price Target 2027 | ₹436 | ₹510 |
| GMDC Share Price Target 2028 | ₹505 | ₹604 |
| GMDC Share Price Target 2029 | ₹620 | ₹745 |
| GMDC Share Price Target 2030 | ₹760 | ₹900 |
GMDC Share more details are available in this video –
GMDC Share Price Target 2024
This company has been giving good returns from the beginning. But last year it gave returns of -18% but this year it can see good growth. According to our forecast, this year we can get 5% to 8% returns from its stock. So, GMDC Share Price Target in 2024 will be ₹275 – ₹285. If the stock starts going negative then you can exit by selling.
GMDC Share Price Target 2025
Looking at the way the management is taking steps to expand the business of the company, it looks like we will see a good boom. There is a lot of possibility of the company’s stock appearing at a good price in two to three years. The company has increased its financial position to a great extent, which is commendable. Because of this, GMDC Share Price Target 2025 could be ₹330 and the highest price could be ₹345.
GMDC Share Price Target 2030
If we look at the 2030 forecast, it has the potential to almost double your money. It is commendable because its fundamentals are very good and financials are also improving gradually. The best thing about the share is it is almost debt-free having a debt of 75 lakhs. So, GMDC Share Price Target for 2030 can be ₹760 and the maximum price can be ₹900. Investing in this stock with a long-term horizon can be a good option for you.
Conclusion
So how did you like this blog, please tell by commenting. We have tried to know as much as possible about GMDC Share Price Target 2023, 2024, 2025, 2026, 2030.
If you want to know anything else about it, then you can comment, and we will try our best to give you the best answer. And yes, If you liked this article, share it as much as possible.
FAQs
What is the future of GMDC share?
There is quite a possibility of getting multi-bagger returns from GMDC shares in the future. But for this, you have to invest in this share wisely and for a long-term horizon.
Is GMDC share good to buy?
It may be good to buy these Stocks because it’s financial and fundamentals are almost good.
Is GMDC debt-free?
Yes, GMDC is almost debt-free, having a debt of only 52 lakhs.
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