GMDC

gained as much as 13% on Tuesday, September 23, enroute to a record high. This is the third instance in the last 13 trading sessions that the stock has gained more than 10% in a single session. The stock had earlier gained 11% on September 12 and another 12% on September 5. Shares of the lignite miner have also gained on very strong volumes today. As many as 3.7 crore shares of the company have changed hands on Tuesday, which is well above the company's 20-day average of 88 lakh shares. The stock consistently traded at the 50-Day Moving Average (DMA) support of around ₹450 between July and August, before breaking out and surging higher in September.