Technical Trend Overview and Price Movement
As of 18 Feb 2026, GPT Infraprojects Ltd closed at ₹124.70, marking a 1.88% increase from the previous close of ₹122.40. The intraday range was relatively broad, with a low of ₹120.75 and a high of ₹131.70, indicating heightened volatility. The stock remains below its 52-week high of ₹149.75 but comfortably above its 52-week low of ₹84.75, signalling a recovery trajectory over the past year.
The technical trend has transitioned from mildly bearish to sideways, suggesting a consolidation phase where neither bulls nor bears dominate decisively. This shift is critical for investors seeking to gauge the stock’s near-term direction, especially given the construction sector’s cyclical nature and sensitivity to macroeconomic factors.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD is mildly bullish, implying that short-term momentum is gaining strength relative to longer-term trends. However, the monthly MACD remains mildly bearish, reflecting underlying longer-term caution. This divergence between weekly and monthly MACD readings suggests that while short-term traders may find opportunities, longer-term investors should remain vigilant.
Complementing this, the Know Sure Thing (KST) indicator aligns with the MACD’s mixed signals: mildly bullish on the weekly chart but mildly bearish on the monthly timeframe. This reinforces the notion of a transitional phase in momentum, where short-term strength is tempered by longer-term uncertainty.
RSI and Bollinger Bands Analysis
The Relative Strength Index (RSI) currently offers no definitive signal on either the weekly or monthly charts, hovering in neutral territory. This absence of overbought or oversold conditions suggests that the stock is not experiencing extreme price pressures, consistent with the sideways trend.
Bollinger Bands provide further insight. Weekly Bollinger Bands are bullish, indicating that price volatility is expanding upwards and the stock is trading near the upper band, a sign of potential upward momentum. Conversely, the monthly Bollinger Bands are mildly bearish, signalling that over a longer horizon, price volatility may be contracting or that the stock is facing resistance near its upper range.
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Moving Averages and Volume Trends
Daily moving averages currently indicate a mildly bearish trend, suggesting that short-term price averages are still trending lower or failing to sustain upward momentum. This contrasts with the weekly and monthly indicators, highlighting the stock’s ongoing tussle between short-term selling pressure and longer-term accumulation.
On the volume front, the On-Balance Volume (OBV) indicator shows no clear trend on the weekly chart but is bullish on the monthly timeframe. This divergence implies that while weekly trading volumes may be inconsistent, longer-term accumulation by investors is occurring, potentially supporting a price base for future gains.
Dow Theory and Broader Market Context
According to Dow Theory, both weekly and monthly signals are mildly bullish, indicating that the stock is in a phase where higher highs and higher lows are forming, albeit cautiously. This is a positive sign for investors looking for confirmation of a sustained uptrend.
Comparing GPT Infraprojects’ returns with the Sensex reveals a strong outperformance. Over the past week, the stock surged 9.67% against the Sensex’s decline of 0.98%. Over one month, GPT Infraprojects gained 16.98%, while the Sensex was nearly flat at -0.14%. Year-to-date, the stock is up 11.84%, contrasting with the Sensex’s 2.08% loss. Over one year, the stock’s return of 23.22% significantly outpaces the Sensex’s 9.81%. Even more impressively, the three-year return stands at 376.86% versus the Sensex’s 36.80%, and the five-year return is a staggering 1049.31% compared to the Sensex’s 61.40%. This long-term outperformance underscores the company’s growth potential despite recent technical challenges.
Mojo Score and Grade Update
MarketsMOJO assigns GPT Infraprojects a Mojo Score of 40.0, reflecting a Sell rating, upgraded from a previous Strong Sell as of 4 Feb 2026. The Market Cap Grade remains low at 4, indicating limited market capitalisation strength relative to peers. This upgrade suggests some improvement in fundamentals or technical outlook, but the overall sentiment remains cautious.
Investment Implications and Outlook
Investors should note the mixed technical signals that point to a stock in transition. The mildly bullish weekly MACD and KST, combined with bullish monthly OBV and Dow Theory signals, hint at a potential base-building phase. However, the mildly bearish monthly MACD, Bollinger Bands, and daily moving averages caution against premature optimism.
Given the stock’s strong relative performance against the Sensex and its impressive multi-year returns, GPT Infraprojects could attract interest from investors seeking exposure to the construction sector’s cyclical recovery. Nonetheless, the current sideways technical trend suggests that a clear breakout or breakdown is awaited to confirm the next directional move.
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Conclusion: Navigating the Technical Crossroads
GPT Infraprojects Ltd currently stands at a technical crossroads, with momentum indicators signalling both opportunity and caution. The recent upgrade in Mojo Grade to Sell from Strong Sell reflects a modest improvement in outlook, but the stock’s technical profile remains mixed. Investors should monitor key indicators such as the MACD crossover on monthly charts, RSI movements, and daily moving averages for clearer directional cues.
Given the stock’s strong historical returns and relative outperformance versus the Sensex, it remains an intriguing candidate for investors with a medium to long-term horizon who can tolerate near-term volatility. However, those seeking immediate momentum plays may prefer to wait for confirmation of a sustained trend reversal or consider alternative construction sector stocks with stronger technical momentum.
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