GMR Power: Strong Breakout with Financial Momentum

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Fundamental View
➡ Net profit of ₹1,225.2 crore in Q1 FY24
➡ EBITDA margin expanded by 150 bps YoY
➡ Strong financial performance driven by operational efficiencies
➡ Positioned well in the power and infrastructure sector

Technical View
➡ Bullish breakout above ₹107 with strong momentum
➡ Ascending trend line providing robust support
➡ RSI near 67, indicating strong momentum

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