GTL Infrastructure shares rally 42% in 2 days amid sectoral momentum

Shares of GTL Infrastructure surged 42% over the past two trading sessions, climbing as much as 18.7% on Thursday to Rs 2.16 on the BSE, as investors piled into the small-cap telecom infrastructure stock despite no fresh corporate announcements.

The rally is being driven by speculative interest and bullish technical indicators, alongside renewed optimism in the 5G infrastructure theme.

On Thursday alone, nearly 66 crore GTL Infra shares changed hands on the NSE, highlighting elevated retail participation. The counter has drawn momentum-driven buying as broader markets turn favourable for small-cap infrastructure names.

Traders chase momentum

On Wednesday, June 11, GTL Infrastructure had already posted a strong gain of 12.5% to Rs 1.71 as of 11:46 IST, emerging as the biggest gainer in the BSE’s ‘A’ group. Volumes surged to 390.79 lakh shares, compared with a one-month average of 87.54 lakh shares.

GTL Infra rose to the top of the volume leaderboard, driven by traders seeking short-term gains amid strong market momentum. Optimism surrounding telecom infrastructure, particularly the 5G rollout, along with a broader rally in small-cap infrastructure stocks, has fuelled interest in the counter.

Mixed long-term returns, strong recent run

Despite recent enthusiasm, GTL Infrastructure’s longer-term performance remains subdued. Over the last one year, shares are up just nearly 2%, while having declined 6.3% over the past six months. However, the short-term trend has turned sharply positive: the stock has gained 34% in the last three months and soared 39.3% in just the past one week.

Technical charts suggest momentum

From a technical perspective, GTL Infra is showing bullish momentum. The stock is trading above all eight of its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs — signalling strength across short-term and long-term trends.

Momentum indicators also point to sustained upside. The Relative Strength Index (RSI) stands at 79.8, well above the overbought threshold of 70, suggesting that a short-term pullback may be likely.

Meanwhile, the Moving Average Convergence Divergence (MACD) is at 0, staying above both the center and signal lines, reinforcing the current bullish trend.

Fundamentals remain weak

Financially, the company continues to struggle. In May, GTL Infrastructure reported a net loss of Rs 248.89 crore for the March 2025 quarter, widening from Rs 214.72 crore a year earlier. Revenue for the period rose marginally by 1.79% year-on-year to Rs 337.02 crore, while EBITDA grew 12.58% to Rs 49.22 crore.

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