GMDC Share Price Jumps 7%, Soars Around 19% in 2 Days; Hits 52-Week High on Rare Earths Push

Shares of Gujarat Mineral Development Corporation (GMDC) continued their sharp upward trajectory on Monday, gaining 7%. This comes on the heels of a strong 11.8% gain in the previous trading session on September 5, taking the total surge to over 19% in just two sessions.

GMDC Share Price Today

NSE: GMDCLTD; Shares of Gujarat Mineral Development Corporation Ltd surged by 7.00% to trade at Rs 544.65 as of 10:05 AM on September 8, 2025, marking a gain of Rs 35.65 from the previous close.

The stock opened at Rs 512.80, hit a day's high of Rs 544.95, and touched an intraday low of Rs 512.35. With this move, GMDC also matched its 52-week high of Rs 544.95, significantly up from its 52-week low of Rs 226.59, indicating strong bullish momentum.

The stock touched an intraday high of Rs 535.95 and a low of Rs 512.35, with trading volumes exceeding 31.4 lakh shares on the NSE-highlighting robust investor interest in the state-owned mining giant.

GMDC Stock at Massive Upside From 52-Week Low

GMDC's recent rally has drawn attention due to its remarkable upward movement over the past year. From a 52-week low of Rs 226.59, the stock has now more than doubled-rising over 130%, showcasing sustained momentum backed by sectoral strength and strategic developments within the company.

Sector-Wide Tailwinds Supporting Momentum

The broader rally in the metals and mining sector has also played a significant role in GMDC's rise. A surge in demand for minerals, particularly those linked to clean energy, infrastructure, and electric vehicles (EVs), has led to renewed buying interest in mining stocks across the board.

Strategic Focus on Rare Earths and Critical Minerals

A key reason behind investor optimism is GMDC's sharpened focus on critical minerals, especially rare earth elements (REEs). These minerals are vital for permanent magnets used in EVs, wind turbines, and other high-tech applications. India is actively pushing for self-reliance in these strategic materials as part of its broader push for clean energy and economic security.

In May 2025, GMDC announced plans to invest ₹3,000-4,000 crore in projects related to rare earths and other critical minerals. While the company has not yet disclosed detailed plans, it has identified rare earths as a major "value driver" for long-term growth. This strategic pivot aligns with national priorities and positions GMDC as a future-facing player in India's resource development landscape.

The impressive two-day rally signals growing investor confidence in state-run enterprises, particularly those aligned with India's mineral security and energy transition goals. GMDC's robust performance underscores its perceived role in the future of EV supply chains, critical mineral exploration, and strategic resource development.