GTL Infrastructure shares rally 42% in 2 days amid sectoral momentum
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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. Live Events GTL Infra rose to the top of ...