GMDC shares surged on rare earth prospects, despite valuation concerns, with strong government support and diversified clean energy presence.

• Stock up 42.53% in a year, driven by a rare earth mining push, despite valuation caution from leading brokerages.
• Developing rare earth deposits in Gujarat’s Chhota Udaipur, aiming integrated supply chain for EVs, renewable energy, and high-tech electronics.
• PSU, India’s second-largest lignite producer, the Gujarat government holds a 74% stake; diversified into thermal, wind, and solar power projects.