Gujarat Mineral Development Corporation (GMDC) shares surged 18.2 per cent on the NSE to hit a 52-week high of ₹736, up from the previous close of ₹622.30, marking their sharpest single-day gain since July last year. The stock has now extended gains for three consecutive trading sessions, signalling strong bullish momentum.
The rally comes amid broader strength in metal stocks, with the Nifty Metal index leading sectoral gainers and rising over 1 per cent in today’s trade. Stocks such as Hindalco, Hindustan Zinc, National Aluminium, Vedanta and Hindustan Copper also posted solid gains in the range of 2–3 per cent, lifting overall sentiment in the space.
Market activity in GMDC remained robust, with traded volume at 377.19 lakh shares and traded value at ₹2,650.08 crore, indicating heightened investor participation. The company’s total market capitalisation stood at ₹23,031.15 crore, while its free float market capitalisation was ₹5,977.32 crore.
Trading metrics reflected strong liquidity, with an impact cost of 0.04 and a deliverable quantity ratio of 20.86 per cent.
The applicable margin rate was recorded at 25.64 per cent, and the stock has a face value of ₹2.
The sharp upmove in GMDC aligns with renewed buying interest in the metals and mining segment, supported by improving commodity sentiment and sector-wide momentum.