GMDC Share Prices Rally Over 13% To Touch 52-Week High, 23% Rise In Last Five Days; Details

GMDC Stock Prices Today: The stock prices of the Gujarat Mineral Development Corporation (GMDC) on Friday rose by nearly 13 per cent to reach a 52-week high of Rs 514.30 during the intra-day trading at the National Stock Exchange (NSE). However, the shares witnessed a slight drop at close, and ended at Rs 508, marking an 11 per cent rise from its opening price at Rs 455.

GMDC stocks have gained 24 per cent in the last five days, while the mining and power generation company witnessed a 23.80 per cent rise in its stock prices over the last 30 days. Since March, the GMDC shares have risen significantly by over 104 per cent, from a 52-week low of Rs 226.20. The stock was heavily traded on the BSE and NSE, with 8.3 million equity shares combined.

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GMDC engages in mining crucial minerals such as lignite, bauxite, fluorspar, manganese, silica, sand, limestone, and bentonite. The government of Gujarat has a 74 per cent shareholding in the company. GMDC is India's largest merchant seller of lignite and is the second-largest company in the country to produce lignite.

GMDC Share Price Today: Why Did The Stock Rally?
The Union Cabinet recently approved a Rs 1,500 crore incentive scheme to boost critical mineral recycling under the National Critical Mineral Mission initiative. This move aims to strengthen the domestic supply chains. The company is expanding into finding rare earth minerals, which are used for electronics, green technology, lighting and displays, automotive, medical, glass, and defence equipment.

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GMDC Share Price Today: Expansion And Future Outlook
Despite a dip in revenues, GMDC delivered a balanced performance in Q1 FY26. It delivered strong margins and healthy profitability. The company is expanding into the Bhavnagar lignite mines to boost its production. It has been allotted 6 lignite block reserves, amounting to close to 360 MT. It has an upcoming commercial production from the new mines in Q4FY26 and Q1FY27.