09 Oct 2025 | 3 Mins Read
GMDC shares surge 7% on India's new rare earth magnet incentive plan
Flipitmoney
Gujarat Mineral Development Corporation (GMDC) shares rose over 7%, trading at Rs 631.40 per share. The surge comes after the government approved a Rs 7,300 crore scheme to set up rare earth magnet processing units and supply chains, aimed at reducing India's dependence on China after export restrictions were imposed in April.