India's GMDC rises on MoU for rare earth elements

Gujarat Mineral Development

17/03/2026 04:34

** Gujarat Mineral Development Corporation GMDC.NS up 2.1% at 543.5 rupees

** Co signs MoU with NMDC NMDC.NS to explore opportunities for collaboration in rare earth elements sector

** Collaboration to primarily explore GMDC's Ambadungar rare earth deposit

** NMDC trading flat

** GMDC has been above its 200-day simple moving avgs since May 2025, indicating bullish sentiment

** YTD, GMDC down 10%

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))