Gandhinagar, July 1(HS): Gujarat government-owned companies are making waves in the stock market. These companies have outperformed key indices like the Bombay Stock Exchange (BSE) Sensex and the National Stock Exchange (NSE) Nifty in the first quarter of the financial year 2025-26 (from March 28 to June 30). This remarkable achievement reflects the strong financial position and strategic management of these companies, further solidifying Gujarat's place as a leading economic center.Under the leadership of Chief Minister Bhupendra Patel, Gujarat has been moving forward at a consistently rapid pace in terms of industrial and economic development. The strong performance of state-owned companies in the market will be crucial in advancing the state's development journey.According to the latest stock market data, Gujarat's companies listed on the Indian stock markets, BSE and NSE, have registered a significant surge, outperforming the overall market.
On Monday, the BSE Sensex closed up 8.00 percent at 83,606.46, while the Nifty closed up 8.49 percent at 25,517.05. In contrast, many Gujarat government-owned companies recorded double-digit growth. This growth reflects their strong position and resilience in the market.Leading the list is Gujarat Mineral Development Corporation (GMDC), which recorded an impressive growth of 52.23 percent. The company's share price increased from ₹265.35 to ₹411.90. In second place, Gujarat Industrial Power Company Limited (GIPCL) recorded a strong growth of 21.31 percent, with its share price rising from ₹180.20 to ₹218.60. Following this, Gujarat State Fertilizers and Chemicals Limited (GSFC) also registered a growth of 15.31 percent, increasing its share price from ₹177.30 to ₹204.45. Meanwhile, Gujarat Gas Limited saw a 14.30 percent increase in share price, rising from ₹412.60 to ₹471.60.
Gujarat State Petronet Limited (GSPL) and Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) also recorded impressive performances with increases of 12.29 percent and 11.60 percent, respectively.The strong performance of these shares reflects the strategic vision and operational efficiency of Gujarat government-owned enterprises, which continue to progress even in a competitive market environment. The state government has always prioritized sustainable development, innovation, and investor confidence, which has motivated these companies to deliver extraordinary returns by surpassing benchmark indices. These companies are consistently advancing toward innovation and development, therefore investors and stakeholders can expect sustainable growth.
---------------
Hindusthan Samachar / Indrani Sarkar