Meanwhile, the BSE Sensex was down 24.26 points or 0.14% to 17,706.86

On BSE, 1.72 lakh shares were traded in the counter as against an average daily volume of 76,463 shares in the past one quarter.

The stock hit a 52-week high of Rs 212.60 in intraday trade today, 29 February 2012. The stock hit a low of Rs 198 so far during the day. The stock had hit a 52-week low of Rs 110.60 on 28 February 2011.

The Gujarat Mineral Development Corporation (GMDC) stock was on roll, gaining 11.52% in three trading days to Rs 208.15 on 28 February 2012 from a recent low of Rs 186.65 on 23 February 2012.

The mid-cap mining and mineral processing stock had outperformed the market over the past one month until 28 February 2012, rising 12.09% compared with the Sensex's 2.88% rise. The scrip also outperformed the market in past one quarter, gaining 16.55% as against 9.67% rise in the Sensex.

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

GMDC's net profit rose 10.8% to Rs 112.46 crore on 6.5% increase in net sales to Rs 383.96 crore in Q3 December 2011 over Q3 December 2010.