Only buyers seen in this penny stock ahead of Union Budget; know more here!

The stock had seen back-to-back spurts in volume in recent trading sessions. 

On Tuesday, BSE Sensex index closed on a positive note, up 49.49 points or 0.08 per cent at 59,549.90 and Nifty-50 index also closed on a brighter note, up 13.20 points or 0.075 per cent at 17,662.15. Considering broader markets, BSE Small-Cap index surged 2.21 per cent to a level of 28,205.89. 

One of the Top Gainers on BSE today, shares of GTL Infrastructure Ltd surged 20 per cent upper cent to Rs 1 per share from its previous closing of Rs 0.84. The stock had seen back-to-back spurts in volume in recent trading sessions. 

Talking about the financials, GTL Infrastructure Ltd has a market cap of Rs 1,267 crore with an ROE of 49.65 per cent. The company did not perform well in its September 2022 (Q2) results. In Q2FY23, the company did net sales of Rs 360 crore against net sales of Rs 364 crore in Q2FY22. In FY22, net sales rose by 3.77 per cent to Rs 1,463 crore against net sales of Rs 1,410 crore in FY22. 

Incorporated in 2004, GTL Infrastructure is in the business of providing shared passive telecom infrastructure in India. Today, shares of the company saw a spurt in volume by 1.38 times on BSE. The stock has a 52-week high of Rs 2.28 and a 52-week low of Rs 0.80. 

Investors should keep an eye on this BSE Small-cap stock for upcoming trading sessions.