Query Trends: GMDC

I have purchased GMDC at Rs.2500 before split, though the share price zoomed Rs.3000 level before its actual split, post split the share price has crashed to the level of Rs.484 (around Rs.2400). I did not book the profit as I kept the stock as part of investment idea. However I wsith to know if the outlook on this counter is bright and can I expect a bounce back in this share? Please suggest the near-term and medium target of GMDC? Venugopal Nair

Thebullishtrends : GMDC shares closed today at Rs.485, the Gujarat based the state controlled GMDC(Gujarat Mineral Development Corporation) has posted net profit of Rs.41.91crore on net sales of Rs.181crore for the second quarter. It is a very good stock, you can expect Rs.600 in medium term.