Shares of GMR Power and Urban Infra Ltd. surged to ₹148.23, up ₹7.02 or 4.97%, at 9:53 AM, continuing its upward momentum as the stock hits the upper circuit limit for the second consecutive day. The recent spike is attributed to Authum Investment & Infra’s acquisition of a 1.2% stake in the company, which has fueled investor enthusiasm.
GMR Power has seen a remarkable 150% rally so far in 2024, driven by strong performance and market interest. The stock’s impressive gains reflect a broader trend in the GMR Group, which has been gaining traction in the energy and infrastructure sectors. The ongoing positive sentiment around the stock suggests that investors remain optimistic about its future prospects.
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