Mumbai, Sept. 9 -- Despite the dip, the stock remains up 27.87% from its recent closing low of Rs 403.70 on 29 August 2025 and has gained 42.53% over the past year. Trading volumes were elevated, reflecting active participation from both institutional and retail investors.

The recent rally in GMDC shares has been supported by expectations of the government's push towards rare earth mining to strengthen domestic supply chains for critical minerals used in electric vehicles, renewable energy and high-tech electronics. GMDC is developing rare earth deposits in Gujarat's Chhota Udaipur district and plans to build an integrated supply chain from mining to processing.

The PSU, India's second-largest lignite producer and a zero-debt company, h...