Gujarat's State Enterprises Outshine Major Indices with Robust Q1 Growth

Gujarat's state-owned enterprises have outperformed major stock indices in the first quarter of 2025-26, showcasing exceptional growth under Chief Minister Bhupendra Patel's leadership. Companies like GMDC and GIPCL have recorded double-digit growth, reflecting the strategic vision and operational efficiency driving Gujarat's industrial advancement.

In a striking display of economic prowess, Gujarat's state-owned enterprises have significantly outperformed key stock market indices, BSE Sensex and Nifty, in the first quarter of fiscal year 2025-26. This remarkable achievement, spanning March 28 to June 30, underscores Gujarat's position as a formidable growth engine for India.

Under the dynamic leadership of Chief Minister Bhupendra Patel, Gujarat continues to surge ahead in industrial and economic development, supported by the stellar market performance of its state-backed enterprises. Recent data indicates that companies based in Gujarat saw gains that eclipsed broader market trends, as BSE Sensex noted an 8.00% growth, while Nifty achieved an 8.49% increase, both closing significantly higher on Monday.

Leading this charge, Gujarat Mineral Development Corporation (GMDC) experienced an astounding 55.23% growth in its stock price. Additionally, companies such as Gujarat Industrial Power Company Limited and Gujarat State Fertilisers & Chemicals Limited registered impressive gains, further illustrating the strategic agility and resilience of Gujarat's government-operated businesses, which continue to excel in the competitive market landscape.

(With inputs from agencies.)