On Friday this Multi-bagger stock opened at Rs. 203.70 and went by the upper circuit’s 10% upper limit. The company’s disclosure of a 92% increase in net profit. The Relative Strength Index (RSI) of this company stands at 71.52 and the stock is trading above the 50-day and 200-day moving average.
Genus Power Infrastructure Ltd
Incorporated in 1992, Genus Power Infrastructures (GPIL) manufactures and distributes electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, residential UPSs, and online UPSs both domestically and internationally.
The stock has given returns of 143% and 175% during the past six and one-year periods, respectively. An investment of one lakh rupees made six months ago would now be worth 2.43 lakh rupees, and an investment of one lakh rupees made a year ago would now be worth 2.75 lakh rupees.
The company has a market valuation of Rs. 5,384 Cr., making it a small-cap. The company’s shares hit a 10% upper circuit on Friday at Rs. 209, which is a new 52-week high.
According to the company exchange filing, the total consolidated revenue rose by 42.15% YoY basis from Rs. 197.0 Cr in Q1 FY23 to Rs. 280.14 Cr in Q1 FY24. PAT (Profit After Tax) increases by 92% from Rs. 12 Cr in Q1 FY23 to Rs. 23.02 Cr in Q1 FY24. The EPS of the company is Rs. 1.6.
As of June 2023, promoters owned 50.42%, 1.92% of which was pledged, DIIs owned 5.34%, FIIs owned 2.67%, and the public and others owned a 41.57% stake in this company.
Written by Sheshadri N
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