GMR Power & Urban Infra Ltd Faces Technical Momentum Shift Amid Bearish Signals

Technical Trend Overview and Price Movement

The stock currently trades at ₹110.20, down marginally by 0.68% from the previous close of ₹110.95. Intraday price action saw a high of ₹111.80 and a low of ₹110.00, indicating limited volatility within the session. Over the past 52 weeks, the stock has ranged between ₹89.43 and ₹141.00, highlighting a significant price band but recent weakness has brought it closer to the lower end of this range.

Comparatively, GMR Power & Urban Infra Ltd’s returns have lagged behind the broader Sensex benchmark. Over the last week, the stock declined by 3.76%, substantially underperforming the Sensex’s 1.02% fall. The one-month return shows a sharper divergence with the stock down 7.67% against the Sensex’s modest 1.18% decline. Year-to-date, the stock is down 8.89%, while the Sensex has gained 8.39%, signalling a clear underperformance trend. However, over a longer horizon of three years, the stock has delivered an impressive 364.98% return, far outpacing the Sensex’s 38.54% gain, reflecting strong historical growth despite recent setbacks.

MACD and Momentum Indicators Signal Bearishness

The Moving Average Convergence Divergence (MACD) indicator presents a bearish outlook on the weekly chart, with the MACD line positioned below the signal line, suggesting downward momentum. On the monthly timeframe, the MACD is mildly bearish, indicating that while the longer-term trend is not decisively negative, caution is warranted. This bearish momentum is consistent with the recent shift from a sideways to a mildly bearish technical trend.

The KST (Know Sure Thing) indicator offers a mixed picture: mildly bearish on the weekly scale but bullish on the monthly chart. This divergence suggests that while short-term momentum is weakening, the longer-term trend may still hold some upside potential, though investors should remain vigilant for further confirmation.

RSI and Bollinger Bands Reflect Market Pressure

The Relative Strength Index (RSI) currently shows no clear signal on both weekly and monthly charts, hovering in a neutral zone. This indicates that the stock is neither overbought nor oversold, but the absence of a strong RSI signal means momentum could swing either way depending on upcoming market catalysts.

Bollinger Bands, however, are signalling bearishness on both weekly and monthly timeframes. The stock price is trending near the lower band, which often suggests increased selling pressure and potential continuation of the downward trend. This aligns with the MACD and KST weekly signals, reinforcing the cautious stance.

Moving Averages and Dow Theory Insights

Daily moving averages provide a mildly bullish signal, with the stock price slightly above short-term averages. This suggests some underlying support in the near term, possibly from short-term traders or technical buyers. However, this mild bullishness is overshadowed by the weekly and monthly Dow Theory assessments, which are mildly bearish. Dow Theory’s emphasis on trend confirmation implies that the broader market sentiment remains cautious, and the stock may face resistance in sustaining upward momentum.

On Balance Volume (OBV) shows no discernible trend on weekly or monthly charts, indicating that volume flows have not decisively supported either buying or selling pressure recently. This lack of volume confirmation adds to the uncertainty surrounding the stock’s immediate direction.

Mojo Score and Market Capitalisation Context

GMR Power & Urban Infra Ltd currently holds a Mojo Score of 26.0, categorised as a Strong Sell, an upgrade in severity from its previous Sell rating as of 26 Dec 2025. This downgrade reflects deteriorating technical and fundamental conditions as assessed by MarketsMOJO’s proprietary scoring system. The company’s market cap grade stands at 3, indicating a mid-tier capitalisation within its sector, which may limit liquidity and investor interest compared to larger peers.

The downgrade to Strong Sell is a clear signal for investors to exercise caution, particularly given the stock’s recent underperformance relative to the Sensex and the mixed but predominantly bearish technical indicators. The combination of a weakening trend, bearish MACD and Bollinger Bands, and neutral RSI suggests that downside risks remain elevated in the near term.

Long-Term Performance and Sectoral Considerations

Despite recent weakness, the stock’s long-term performance remains impressive, with a three-year return of 364.98%, significantly outperforming the Sensex’s 38.54% gain. This suggests that the company has delivered substantial value over time, likely driven by growth in the power sector and urban infrastructure development. However, the current technical signals imply that this momentum may be pausing or reversing, at least temporarily.

Investors should also consider sectoral dynamics, as the power industry faces challenges such as regulatory changes, fuel price volatility, and evolving demand patterns. These factors can exacerbate technical weaknesses and contribute to increased price volatility.

Investor Takeaway and Outlook

In summary, GMR Power & Urban Infra Ltd is currently navigating a technical momentum shift characterised by bearish weekly MACD and Bollinger Bands, a mildly bearish weekly KST, and a downgrade to a Strong Sell Mojo Grade. While daily moving averages offer some mild bullish respite, the broader technical and fundamental signals caution investors about potential further downside or sideways consolidation.

Investors should closely monitor upcoming price action around key support levels near ₹110 and the 52-week low of ₹89.43. A sustained break below these levels could accelerate bearish momentum. Conversely, a rebound above short-term moving averages and a positive shift in MACD or RSI could signal a potential recovery phase.

Given the stock’s underperformance relative to the Sensex and the power sector’s inherent challenges, a prudent approach would be to consider alternative investment opportunities within the sector or broader market that demonstrate stronger technical and fundamental profiles.

Summary of Key Technical Indicators:

• MACD: Weekly Bearish, Monthly Mildly Bearish


• RSI: Neutral on Weekly and Monthly


• Bollinger Bands: Bearish on Weekly and Monthly


• Moving Averages: Daily Mildly Bullish


• KST: Weekly Mildly Bearish, Monthly Bullish


• Dow Theory: Weekly and Monthly Mildly Bearish


• OBV: No clear trend on Weekly and Monthly

Price and Return Highlights:

• Current Price: ₹110.20


• 52-Week High/Low: ₹141.00 / ₹89.43


• 1 Week Return: -3.76% vs Sensex -1.02%


• 1 Month Return: -7.67% vs Sensex -1.18%


• Year-to-Date Return: -8.89% vs Sensex +8.39%


• 3 Year Return: +364.98% vs Sensex +38.54%

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