GMR Airports Shows Recovery Amid Ongoing Long-Term Bearish Trends

Jan 14 2025 11:15 AM IST
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GMR Airports has experienced a notable uptick, closing at Rs 71.9 after an intraday high. This marks a reversal after three days of decline, although the stock remains below key moving averages. Over the past month, it has declined more than the broader market index.
GMR Airports has shown notable activity today, with a 3.66% increase, closing at Rs 71.9 after reaching an intraday high of Rs 71.9. This uptick marks a gain of 3.17% and allows the company to outperform its sector by 2.24%. However, despite this recent performance, GMR Airports remains 3.36% above its 52-week low of Rs 69.29.

The stock has experienced a trend reversal, gaining after three consecutive days of decline. Nevertheless, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Over the past month, GMR Airports has faced a decline of 14.00%, which is more significant than the 6.47% drop in the Sensex. Investors should consider these metrics and market conditions when evaluating their positions in the capital goods sector.
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