GMR Power & Urban Infra reaches all-time high stock price, outperforms Sensex

GMR Power & Urban Infra Ltd, a midcap company in the power industry, has recently reached an all-time high stock price of Rs.98 on June 23, 2024. This is a significant milestone for the company, as it reflects the positive performance and growth of the company in the market.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for GMR Power & Urban Infra is 'Sell'. However, this does not take away from the fact that the company has achieved a new 52-week high and an all-time high, indicating a strong performance in the market.

On the day of the all-time high, the stock opened with a gain of 3.81% and touched an intraday high of Rs.98. However, it also experienced some volatility, with an intraday low of Rs.89.68 and an intraday volatility of 6.92%. This can be attributed to the stock's trend reversal, as it fell after four consecutive days of gains.

Despite the recent dip, GMR Power & Urban Infra is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock in the market.

In terms of performance, GMR Power & Urban Infra has outperformed the Sensex by a significant margin, with a 1-year performance of 404.39% compared to Sensex's 21.55%. This further highlights the company's strong growth and potential in the power industry.

Overall, GMR Power & Urban Infra's recent all-time high stock price is a testament to the company's positive performance and growth in the market. As a midcap company in the power industry, it has shown promising results and has the potential to continue its upward trajectory in the future.