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Key Points

Gujarat's state-run companies are absolutely crushing it on the stock market this year. GMDC alone saw its stock price more than double with a massive 125% surge while the broader markets barely moved. This incredible performance is being credited to the reforms and policies from both the central and state governments. These PSUs are proving to be real economic powerhouses for Gujarat's growth story.

Key Points: Gujarat PSUs Like GMDC Surge 125% Outperforming Sensex Nifty

  • GMDC stock price skyrocketed 125% from ₹265 to ₹597 in six months
  • Gujarat Gas and GSPL also posted strong positive growth during the period
  • State PSUs outperformed Sensex's 3.68% and Nifty's 4.64% gains significantly
  • Performance attributed to Modi government reforms and Patel administration governance
  • Global mineral demand and agri-input interest drove specific company growth
  • PSUs represent Gujarat's industrial diversification and energy security focus
2 min read

Gujarat's PSU outperform benchmark indices BSE Sensex and NSE Nifty in stock exchange

Gujarat's state-run companies including GMDC and GSFC deliver exceptional stock growth, with GMDC surging 125% while Sensex gained only 3.68% in H1 FY2025-26.

"GMDC emerged as the standout performer with an extraordinary 125.17% surge in its stock price - Gujarat CMO Statement"

Gandhinagar, September 30

Gujarat's Public Sector Undertakings (PSUs), fondly referred to as the "Ratnas of Gujarat," have delivered a stellar performance on the stock exchanges in the first half of the financial year 2025-26, significantly outperforming benchmark indices BSE Sensex and NSE Nifty, according to an official statement.

According to the Gujarat CMO statement, under the dynamic leadership of Prime Minister Narendra Modi and the steadfast governance of Chief Minister Bhupendra Patel,the state's industrial and energy PSUs have demonstrated resilience, strategic growth, and investor confidence, cementing their role as pillars of the state's economic architecture.

As per the data compiled from the bourses, Gujarat State Fertilizers & Chemicals Ltd. (GSFC), Gujarat Gas Ltd., Gujarat State Petronet Ltd. (GSPL), and Gujarat Mineral Development Corporation (GMDC) have all registered positive growth between March 28 and September 30, 2025. Notably, GMDC emerged as the standout performer with an extraordinary 125.17% surge in its stock price, rising from ₹265.35 to ₹597.50.

The statement noted that, in contrast, the BSE Sensex rose by 3.68% and the Nifty by 4.64% during the same period, highlighting the superior performance of Gujarat's PSUs.

The Gujarat CMO said that this remarkable growth reflects the strategic reforms, policy clarity, and infrastructure push championed by the Modi government at the Centre and the Patel administration in the state. The commitment to industrial diversification, energy security, and sustainable mining practices has translated into tangible investor gains and long-term value creation.

These state PSUs are not just economic assets; they represent symbols of the state's progressive governance and industrial foresight, it said.

As per the statement, the surge in GMDC's valuation is driven by global demand for minerals and the corporation's aggressive expansion into critical mining sectors. Additionally, GSFC's double-digit growth also reflects strong fundamentals and renewed interest in agri-inputs amid evolving climate challenges.

The Gujarat CMO said that the performance of its PSUs reaffirms the state's reputation as a model of economic excellence. With visionary leadership steering the ship, the Ratnas of Gujarat are poised to shine even brighter in the months ahead.

- ANI

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Reader Comments

P
Priya S
While the numbers look impressive, I hope this growth translates into better services and infrastructure for common people. PSUs should benefit the public, not just investors.
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Arjun K
As someone who invested in GSFC last year, I'm really happy with the returns. Gujarat's industrial policy has been very stable and investor-friendly. More states should learn from this model.
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Sarah B
The mineral development corporation's growth is particularly interesting given the global demand for critical minerals. Smart strategic move by Gujarat to capitalize on this trend.
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Michael C
Outperforming Sensex and Nifty by such a huge margin is no small feat. This shows the strength of Gujarat's public sector enterprises. Well done!
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Nisha Z
I wish other state PSUs would perform like this. Maybe they should send their management teams to Gujarat for training! The "Ratnas" truly deserve their name. ✨
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Vikram M
Great to see our state enterprises doing so well. This creates more employment opportunities and boosts the overall economy. Gujarat model working wonders again!

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