GTL Infrastructure Stock Tests Key ₹1.50 Resistance in Active Trading
MUMBAI: Shares of GTL Infrastructure Limited (NSE: GTLINFRA) are showing signs of life in early trading on India’s National Stock Exchange today, April 17th. The stock price nudged up to ₹1.50 as of 10:23 AM local time (UTC+5:30).
This movement represents a gain of +0.67%, or +₹0.010 per share, compared to its previous closing price of ₹1.49. While a modest percentage increase, the move pushes the stock to a potentially significant price level.
The intraday chart for GTL Infrastructure reveals a volatile session so far. The stock saw an initial jump from levels below ₹1.48, quickly reaching ₹1.49. Since then, it has repeatedly tested the ₹1.50 mark, hitting it multiple times before pulling back slightly, indicating active trading and potential resistance at this specific price point.
GTL Infrastructure, operating in India’s telecom infrastructure space, is often monitored by traders due to its low “penny stock” price point in the Indian market context. The current activity suggests traders are probing the ₹1.50 level, making it a stock to watch as the session progresses.
