Meanwhile, the BSE Sensex was up 189.45 points, or 0.98% at 19,606.94.

On BSE, 65,741 shares were traded in the counter as against an average daily volume of 2.59 lakh shares in the past one quarter.

The stock hit a high of Rs 133.30 and a low of Rs 130.80 so far during the day. The stock had hit a 52-week high of Rs 187.70 on 19 January 2010 and a 52-week low of Rs 95.30 on 3 November 2009.

The mid-cap stock had outperformed the market over the past one month till 16 September 2010, rising 9.33% compared with the Sensex's return of 7.57%. It had underperformed the market in past one quarter, gaining 4.64% as against 11.19% rise in the Sensex.

The company has an equity capital of Rs 63.60 crore. Face value per share is Rs 2.

Before turning ex-dividend, the stock offered dividend yield of 1.88% based on closing price of Rs 133.05 on Thursday, 16 September 2010.

Gujarat Mineral Development Corporation (GMDC)'s net profit rose 30.7% to Rs 104.75 crore on 25.2% increase in net sales to Rs 341.85 crore in Q1 June 2010 over Q1 June 2009.