Triangle Breakout looks good to enter after closing above the trendline for medium-term investment.
The stock of lignite miner Gujarat Mineral Development Corporation (GMDC) has nearly doubled in value since the beginning of 2022, thanks to an increase in mining volume and a strong turnaround in the company's performance in the December quarter. It is expected that the business will continue to grow as a result of the management's efforts to increase volume even further in the coming years while also improving profitability of non-lignite operations.
However, even though some additional investments are required to make it future-ready, the turnaround of the power plant will be a significant boon for GMDC. GMDC will benefit from its investments in wind and solar power, which will generate a significant income stream.
The stock of lignite miner Gujarat Mineral Development Corporation (GMDC) has nearly doubled in value since the beginning of 2022, thanks to an increase in mining volume and a strong turnaround in the company's performance in the December quarter. It is expected that the business will continue to grow as a result of the management's efforts to increase volume even further in the coming years while also improving profitability of non-lignite operations.
However, even though some additional investments are required to make it future-ready, the turnaround of the power plant will be a significant boon for GMDC. GMDC will benefit from its investments in wind and solar power, which will generate a significant income stream.
Comment:
Massive 30% move despite negative markets
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✅ Whatsapp: wa.me/message/HMTL5O6WNCXMK1
✅ Telegram: t.me/breakoutinvesting
⭐Custom Indicator
⭐Daily Calls
⭐Online Course
⭐FNO Trades