GMR Power & Urban Infra Hits Day High with 7.19% Surge

GMR Power & Urban Infra has experienced significant activity today, gaining 7.19% and reaching an intraday high of Rs 129. This performance marks a notable outperformance against the sector, exceeding it by 6.81%. The stock has shown consistent upward momentum, with a consecutive gain over the last five days, resulting in a total return of 10.49% during this period. Opening with a gap up of 3.78%, GMR Power & Urban Infra is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. Over the past month, the stock has risen by 15.13%, significantly outperforming the Sensex, which has only increased by 1.19% in the same timeframe. In the broader market context, the Sensex has also shown positive movement, climbing 250.45 points to reach 84,950.95, and is nearing its 52-week high. The mid-cap segment is leading the market today, with the BSE Mid Cap index gaining 0.66%. Overall, GMR Power & Urban Infra's performance reflects a robust trend in the small-cap power sector.