The Economic Times

GMDC shares rally 12%, market value soars by Rs 2,000 crore: Whats behind the surge?

Gujarat Mineral Development Corporation (GMDC) shares rose sharply on Friday, adding Rs 2,000 crore in market value after reports of its inclusion in the FTSE GEIS index and a new MoU with NMDC to explore rare earth opportunities, boosting sentiment despite recent weak quarterly earnings.