GVK Power & Infrastructure Sees 15-Day Gain Streak Amid Strong Buying Activity

GVK Power & Infrastructure Ltd is currently witnessing significant buying activity, with the stock gaining 1.86% today, contrasting with a slight decline of 0.04% in the Sensex. Over the past week, GVK Power has shown a robust performance, increasing by 9.75%, while the Sensex has decreased by 0.15%. Notably, the stock has been on a consecutive gain streak for the last 15 days, accumulating a total return of 30.27% during this period.
In terms of longer-term performance, GVK Power has risen 16.14% over the past month, significantly outperforming the Sensex, which has only increased by 1.69%. However, the stock's one-year performance remains negative at -56.41%, compared to the Sensex's positive return of 10.44%.

Today's trading session opened with a gap up, and the stock reached an intraday high, reflecting strong buyer sentiment. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. This trend may indicate a shift in market dynamics, contributing to the heightened buying pressure observed.