Gujarat PSUs outperformed Sensex, Nifty in Q1; GMDC led with a 55.23% surge: Govt

Gandhinagar: Gujarat’s state-owned enterprises have demonstrated good performance in the stock market, surpassing the growth of major indices, BSE Sensex and Nifty, in the first quarter of 2025-26 for the period between March 28, and June 30, in this year, the government announced today.

According to the latest stock market data, Gujarat-based companies listed on the stock exchanges of India – BSE and NSE, have recorded significant gains, outpacing the broader market indices. The BSE Sensex grew by 8.00%, closing at 83,606.46, while the Nifty rose by 8.49%, closing at 25,517.05 on Monday. In contrast, several Gujarat government-owned companies posted double-digit growth percentages, showcasing their resilience and market strength.

Leading the pack, Gujarat Mineral Development Corporation (GMDC) registered an impressive growth of 55.23%, with its stock price soaring from ₹265.35 to ₹411.90. Gujarat Industrial Power Company Limited (GIPCL) followed with a robust 21.31% increase, rising from ₹180.20 to ₹218.60. Gujarat State Fertilizers & Chemicals Limited (GSFC) recorded a solid 15.31% growth, climbing from ₹177.30 to ₹204.45, while Gujarat Gas Limited saw a 14.30% rise, moving from ₹412.60 to ₹471.60. Gujarat State Petronet Limited (GSPL) and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) also outperformed the indices with growth rates of 12.29% and 11.60%, respectively.

“The state’s focus on sustainable growth, innovation, and investor confidence has propelled these companies to deliver exceptional returns, surpassing the benchmark indices,” said the official statement. DeshGujarat