GMDC shares surged despite a recent slump, driven by rare‑earth ambitions and government backing in India.

• Stock fell 6.15% over three sessions but climbed 51.72% monthly, showing volatility against market uncertainty.
• The government aims to boost domestic rare earth supply for EVs, renewables, and the high‑tech electronics industry.
• Brokerages warn of valuation risks due to slow lignite ramp‑up and unclear rare earth project timelines.