GMDC Jumps 12% in a Single Session — What’s Driving the Momentum?

Shares of

surged up to 12% intraday on March 20, 2026, touching ₹599 from the previous close of ₹534, adding nearly ₹2,000 crore to its market capitalization in a single session. The sharp move was fueled by its inclusion in the FTSE Global Equity Index Series (FTSE GEIS), which typically attracts passive institutional inflows. Adding to the positive sentiment, the company recently signed an MoU with NMDC to explore opportunities in Rare Earth Elements (REE), a sector gaining strategic importance. This development comes despite recent weak quarterly earnings, indicating that strategic positioning and sectoral tailwinds are currently influencing investor sentiment. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.