By THE NEWSMAN OF INDIA.COM|
Shares of Gujarat Mineral Development Corporation (GMDC) witnessed a sharp rally on Friday, surging over 12% and adding more than ₹2,000 crore to its market capitalisation, reflecting renewed investor confidence amid positive market sentiment.

The stock climbed to ₹599 on the NSE, edging closer to its 52-week high of ₹651 recorded in October last year. The surge follows reports of GMDC’s likely inclusion in the FTSE Global Equity Index Series (FTSE GEIS), a development that could enhance its global visibility and attract institutional investments.

Further strengthening its growth narrative, GMDC recently entered into a Memorandum of Understanding with NMDC Limited to explore opportunities in the critical Rare Earth Elements (REE) sector. The collaboration aims to assess the development of an integrated rare earth value chain in Gujarat, spanning exploration, mining, beneficiation, processing, and downstream applications.

The twin developments—index inclusion prospects and strategic collaboration—signal GMDC’s expanding footprint in emerging mineral segments, positioning it as a key player in India’s evolving resource economy.