Gujarat-Based Mining Company Share Price Jumps 17% on Thursday; FII Stake Rises to 3.76% QoQ

On Thursday, Indian markets traded on a weak note, with the Nifty 50 declining 0.19 per cent to 24,186.15, down 45.15 points from the previous close. Amid this, Gujarat Mineral Development Corporation Ltd (GMDC) share price was trading at Rs 728.60, up 17.08 per cent from the previous close of Rs 622.

The sharp rally was accompanied by a significant surge in trading activity, with volumes at 4.19 crore shares compared to its 20-day average of 0.65 crore shares, indicating strong investor participation.

GMDC Share Price Performance

The stock has delivered strong returns across multiple time frames. It has surged 36.78 per cent over the past month, gained 23.22 per cent over six months, and delivered a robust 131.05 per cent return over the past year, reflecting sustained upward momentum.

The company has a market capitalisation of Rs 23,150 crore and has maintained a healthy dividend payout of 42.6 per cent, supporting investor confidence.

GMDC Previous Development

Previously, GMDC reported key progress in its Baitarni West coal mine project in Odisha, where the company onboarded a mining partner and secured critical regulatory approvals, including forest and environmental clearances.

The project, with a planned capacity of around 15 MTPA, is part of GMDC’s strategy to diversify beyond lignite and expand its presence in the coal segment, supporting long-term growth and strengthening its position in India’s energy sector.

GMDC Shareholding Pattern (QoQ)

On a QoQ basis, promoter holding remained stable at 74.00 per cent. Foreign institutional investors (FIIs) increased their stake from 2.30 per cent in December 2025 to 3.76 per cent in March 2026, indicating rising institutional interest. Domestic institutional investors (DIIs) also saw a marginal increase from 0.86 per cent to 0.94 per cent, while public shareholding declined from 22.84 per cent to 21.31 per cent over the same period.

About GMDC

Gujarat Mineral Development Corporation Ltd (GMDC) is a state-owned enterprise and one of India’s leading mining companies, primarily engaged in the exploration and development of mineral resources such as lignite, bauxite, and other industrial minerals.

The company is the largest merchant seller of lignite in India and has been expanding its portfolio into coal mining and renewable energy, including thermal, wind, and Solar power, as part of its long-term diversification strategy.

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Disclaimer: The article is for informational purposes only and not investment advice.