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Economic Times
4 days ago
- Business
- Economic Times
GTL Infrastructure shares rally 42% in 2 days amid sectoral momentum
Traders chase momentum Live Events Mixed long-term returns, strong recent run Technical charts suggest momentum Fundamentals remain weak (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of GTL Infrastructure surged 42% over the past two trading sessions, climbing as much as 18.7% on Thursday to Rs 2.16 on the BSE, as investors piled into the small-cap telecom infrastructure stock despite no fresh corporate rally is being driven by speculative interest and bullish technical indicators, alongside renewed optimism in the 5G infrastructure Thursday alone, nearly 66 crore GTL Infra shares changed hands on the NSE, highlighting elevated retail participation. The counter has drawn momentum-driven buying as broader markets turn favourable for small-cap infrastructure Wednesday, June 11, GTL Infrastructure had already posted a strong gain of 12.5% to Rs 1.71 as of 11:46 IST, emerging as the biggest gainer in the BSE's 'A' group. Volumes surged to 390.79 lakh shares, compared with a one-month average of 87.54 lakh Infra rose to the top of the volume leaderboard, driven by traders seeking short-term gains amid strong market momentum. Optimism surrounding telecom infrastructure, particularly the 5G rollout, along with a broader rally in small-cap infrastructure stocks, has fuelled interest in the recent enthusiasm, GTL Infrastructure's longer-term performance remains subdued. Over the last one year, shares are up just nearly 2%, while having declined 6.3% over the past six months. However, the short-term trend has turned sharply positive: the stock has gained 34% in the last three months and soared 39.3% in just the past one a technical perspective, GTL Infra is showing bullish momentum. The stock is trading above all eight of its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs — signalling strength across short-term and long-term indicators also point to sustained upside. The Relative Strength Index (RSI) stands at 79.8, well above the overbought threshold of 70, suggesting that a short-term pullback may be the Moving Average Convergence Divergence (MACD) is at 0, staying above both the center and signal lines, reinforcing the current bullish the company continues to struggle. In May, GTL Infrastructure reported a net loss of Rs 248.89 crore for the March 2025 quarter, widening from Rs 214.72 crore a year earlier. Revenue for the period rose marginally by 1.79% year-on-year to Rs 337.02 crore, while EBITDA grew 12.58% to Rs 49.22 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
GTL Infrastructure shares rally 42% in 2 days amid sectoral momentum
GTL Infrastructure shares: On Thursday, around 66 crore GTL Infra shares were traded on the NSE, reflecting strong retail interest. The stock has attracted momentum-based buying amid improving sentiment in the broader market for small-cap infrastructure companies. Tired of too many ads? Remove Ads Traders chase momentum Tired of too many ads? Remove Ads Mixed long-term returns, strong recent run Technical charts suggest momentum Fundamentals remain weak Shares of GTL Infrastructure surged 42% over the past two trading sessions, climbing as much as 18.7% on Thursday to Rs 2.16 on the BSE, as investors piled into the small-cap telecom infrastructure stock despite no fresh corporate rally is being driven by speculative interest and bullish technical indicators, alongside renewed optimism in the 5G infrastructure Thursday alone, nearly 66 crore GTL Infra shares changed hands on the NSE, highlighting elevated retail participation. The counter has drawn momentum-driven buying as broader markets turn favourable for small-cap infrastructure Wednesday, June 11, GTL Infrastructure had already posted a strong gain of 12.5% to Rs 1.71 as of 11:46 IST, emerging as the biggest gainer in the BSE's 'A' group. Volumes surged to 390.79 lakh shares, compared with a one-month average of 87.54 lakh Infra rose to the top of the volume leaderboard, driven by traders seeking short-term gains amid strong market momentum. Optimism surrounding telecom infrastructure, particularly the 5G rollout, along with a broader rally in small-cap infrastructure stocks, has fuelled interest in the recent enthusiasm, GTL Infrastructure's longer-term performance remains subdued. Over the last one year, shares are up just nearly 2%, while having declined 6.3% over the past six months. However, the short-term trend has turned sharply positive: the stock has gained 34% in the last three months and soared 39.3% in just the past one a technical perspective, GTL Infra is showing bullish momentum. The stock is trading above all eight of its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs — signalling strength across short-term and long-term indicators also point to sustained upside. The Relative Strength Index (RSI) stands at 79.8, well above the overbought threshold of 70, suggesting that a short-term pullback may be the Moving Average Convergence Divergence (MACD) is at 0, staying above both the center and signal lines, reinforcing the current bullish the company continues to struggle. In May, GTL Infrastructure reported a net loss of Rs 248.89 crore for the March 2025 quarter, widening from Rs 214.72 crore a year earlier. Revenue for the period rose marginally by 1.79% year-on-year to Rs 337.02 crore, while EBITDA grew 12.58% to Rs 49.22 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
