Gujarat Mineral Development Corporation (GMDC) shares surged over 5% in Tuesday's trading session, reaching ₹691 in late-morning trade. According to reports from Moneycontrol, the stock has demonstrated strong momentum with gains of nearly 91 percent over the past one year, significantly outperforming broader market indices. The state-run miner's impressive performance has boosted its market capitalisation to approximately ₹22,000 crore, reflecting investor confidence in the company's strategic positioning in the critical minerals sector. As per Angel One, the shares climbed 5.4% on Tuesday, May 26, 2026, with the stock trading at ₹688.30 at 12:45 PM on NSE, up by 5.00% from the previous closing price.
The stock rally was triggered by the announcement of the Quad Critical Minerals Framework launched by US Secretary of State Marco Rubio following the Quad Foreign Ministers' meeting hosted by India. As reported by Moneycontrol, Rubio announced that the framework will guide member nations to leverage economic policy tools and coordinate investment to strengthen critical mineral supply chains. The initiative specifically targets mining, processing, and critical minerals recycling operations, positioning the Quad nations to enhance their collective capabilities in these strategic sectors. According to Angel One, the framework focuses on bolstering critical mineral supply chains for strategic resources, with the Quad countries committing to a framework to enhance mining, processing, and recycling of critical minerals.
The framework announcement represents a significant development for companies like GMDC that operate in the critical minerals sector. According to Moneycontrol reports, the initiative aims to strengthen critical mineral supply chains across member nations, potentially creating new opportunities for Indian companies in the minerals processing and recycling segments. The focus on mining, processing, and recycling specifically aligns with GMDC's core business operations, suggesting potential benefits from increased international coordination and investment in critical minerals infrastructure. As per Angel One, the announcement has provided a remarkable boost to GMDC's share value, underpinning its strategic importance in the mineral sector, with the heightened cooperation among Quad states reinforcing the company's standing in the global critical mineral supply chain.
