No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, September 30, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

GMDC shares rally over 35% in September, hit fresh 52-week high intraday. What’s behind the surge?

by TheAdviserMagazine
3 weeks ago
in Business
Reading Time: 2 mins read
A A
GMDC shares rally over 35% in September, hit fresh 52-week high intraday. What’s behind the surge?
Share on FacebookShare on TwitterShare on LInkedIn


Shares of Gujarat Mineral Development Corporation (GMDC) continued their strong upward momentum, surging 35.5% so far in September and touching a fresh 52-week high of Rs 547 on the BSE on Monday.

The rally has been supported by robust investor interest, sectoral tailwinds, and optimism surrounding the company’s rare earth mining initiatives.

The PSU stock has witnessed significant trading activity with heavy volumes, underlining strong participation from both institutional and retail investors. GMDC has turned into a multibagger over the past six months, delivering returns of more than 107%, while its one-year returns stand at 46.5%.

Over the last five years, the stock has skyrocketed by more than 1,100%, making it one of the standout performers in the mining sector.

The sharp rise in GMDC shares comes amid heightened expectations from the government’s push towards rare earth mining to strengthen domestic supply chains for critical minerals.

Live Events

These minerals, essential for electric vehicles, renewable energy equipment, and high-tech electronics, have placed GMDC in a strategic position as it develops rare earth deposits in Gujarat’s Chhota Udaipur district. The company aims to build an integrated supply chain from mining to processing, aligning with India’s broader vision of self-reliance in clean energy and technology.GMDC, India’s second-largest lignite producer and a zero-debt company, has also diversified into thermal, wind, and solar energy, strengthening its presence in the energy and resources space.Despite reporting a consolidated net profit of Rs 164 crore in the June quarter, down 11% year-on-year, and revenue of Rs 810 crore, down 8% YoY, the stock has continued to attract buyers, driven by the company’s growth prospects in rare earth elements and its strong balance sheet.

Brokerages, however, remain cautious. Nuvama recently retained its ‘Reduce’ rating on the stock, citing expensive valuations and slower-than-expected ramp-up at certain lignite mines. It trimmed its target price from Rs 237 to Rs 231 while awaiting clearer developments on GMDC’s rare earth projects.

Also read: Sebi may ease FPI entry with ‘automatic window’ to boost capital inflows

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: 52weekFreshGMDCHighhitIntradayRallySeptembersharessurgeWhats
ShareTweetShare
Previous Post

Hong Kong’s HasKey to launch $500M digital treasury fund

Next Post

US SEC Delays Canary HBAR and Grayscale Polkadot ETF, Here’s Why

Related Posts

edit post
Gold hovers near record high on US shutdown concerns, Fed rate outlook

Gold hovers near record high on US shutdown concerns, Fed rate outlook

by TheAdviserMagazine
September 30, 2025
0

Gold prices edged higher on Wednesday, hovering near record levels as the U.S. moved closer to a government shutdown, bolstering...

edit post
Single mother sues — and beats — Kentucky for kicking her off food stamps because she bought food at the store where she worked

Single mother sues — and beats — Kentucky for kicking her off food stamps because she bought food at the store where she worked

by TheAdviserMagazine
September 30, 2025
0

A single mother who relied on federal food assistance lost her benefits in 2020 after Kentucky investigators concluded she’d committed fraud. The...

edit post
The ‘Warren Buffett Indicator’ has surged above 200%, meaning the market’s price is far ahead of the economy’s size

The ‘Warren Buffett Indicator’ has surged above 200%, meaning the market’s price is far ahead of the economy’s size

by TheAdviserMagazine
September 30, 2025
0

The “Warren Buffett Indicator” is a simple yardstick that compares the total U.S. stock market’s value to the size of...

edit post
‘Companies are clearly hoarding workers’: Data shows job openings barely budget, layoffs and quits plummet

‘Companies are clearly hoarding workers’: Data shows job openings barely budget, layoffs and quits plummet

by TheAdviserMagazine
September 30, 2025
0

U.S. jobs openings were essentially unchanged million last month amid economic uncertainty arising from President Donald Trump’s trade policies and...

edit post
Celsius Stock Breaks Out With Upgrade, PepsiCo Deal reenergizes Growth

Celsius Stock Breaks Out With Upgrade, PepsiCo Deal reenergizes Growth

by TheAdviserMagazine
September 30, 2025
0

Celsius stock traded in a buy zone Tuesday after receiving an upgrade from Morgan Stanley. Shares of the energy drink...

edit post
Exits jump while fund raising falls

Exits jump while fund raising falls

by TheAdviserMagazine
September 30, 2025
0

The third quarter of 2025 was unusual for the Israeli tech ecosystem. On the one hand, there was an...

Next Post
edit post
US SEC Delays Canary HBAR and Grayscale Polkadot ETF, Here’s Why

US SEC Delays Canary HBAR and Grayscale Polkadot ETF, Here's Why

edit post
Bank mortgage rates down even without BoI cut

Bank mortgage rates down even without BoI cut

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
What it means for Goldman Sachs investors

What it means for Goldman Sachs investors

0
edit post
Gold hovers near record high on US shutdown concerns, Fed rate outlook

Gold hovers near record high on US shutdown concerns, Fed rate outlook

0
edit post
Single mother sues — and beats — Kentucky for kicking her off food stamps because she bought food at the store where she worked

Single mother sues — and beats — Kentucky for kicking her off food stamps because she bought food at the store where she worked

0
edit post
NKE Earnings: Nike Q1 2026 profit drops, but beats estimates

NKE Earnings: Nike Q1 2026 profit drops, but beats estimates

0
edit post
Health insurance for the unemployed

Health insurance for the unemployed

0
edit post
Boston Fed President Collins sees caution on future interest rate cuts

Boston Fed President Collins sees caution on future interest rate cuts

0
edit post
Gold hovers near record high on US shutdown concerns, Fed rate outlook

Gold hovers near record high on US shutdown concerns, Fed rate outlook

September 30, 2025
edit post
SEC Guidance Lets Ripple, Coinbase, BitGo Act as Custodians

SEC Guidance Lets Ripple, Coinbase, BitGo Act as Custodians

September 30, 2025
edit post
Single mother sues — and beats — Kentucky for kicking her off food stamps because she bought food at the store where she worked

Single mother sues — and beats — Kentucky for kicking her off food stamps because she bought food at the store where she worked

September 30, 2025
edit post
Fraport – FRA: Swingtrade bis kurz vor Karneval?

Fraport – FRA: Swingtrade bis kurz vor Karneval?

September 30, 2025
edit post
The ‘Warren Buffett Indicator’ has surged above 200%, meaning the market’s price is far ahead of the economy’s size

The ‘Warren Buffett Indicator’ has surged above 200%, meaning the market’s price is far ahead of the economy’s size

September 30, 2025
edit post
NKE Earnings: Nike Q1 2026 profit drops, but beats estimates

NKE Earnings: Nike Q1 2026 profit drops, but beats estimates

September 30, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Gold hovers near record high on US shutdown concerns, Fed rate outlook
  • SEC Guidance Lets Ripple, Coinbase, BitGo Act as Custodians
  • Single mother sues — and beats — Kentucky for kicking her off food stamps because she bought food at the store where she worked
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.