Mumbai, Nov. 27 -- The stock has now gained 21.37% in three consecutive sessions and is up 75.54% so far this calendar year.

The gains follow renewed interest in domestic mineral companies after the government cleared the scheme to promote manufacturing of sintered Rare Earth Permanent Magnets (REPM) on 26 November 2025. The programme carries an outlay of Rs 7,280 crore and aims to set up 6,000 MTPA of integrated REPM capacity in India.

The scheme will support facilities that convert rare earth oxides into metals, then alloys, and finally finished magnets. It includes Rs 6,450 crore in sales-linked incentives over five years and Rs 750 crore in capital subsidies. Capacity will be allocated to five beneficiaries through global competitiv...