On Monday this small-cap stock hit 5% upper circuit after the company’s subsidiary received an order worth Rs. 3,121.42 Cr. Currently, the stock is trading 10% away from the 52-week high and 3.5% & 45% above the 50-day and 200-day moving averages respectively.
Genus Power Infrastructure Ltd
With a market capitalization of Rs. 6,775 Cr making it a small-cap company. On Monday the stock hit 5% upper circuit at Rs. 267.80, at 12:45 p.m., shares were trading 3.10% up at Rs. 262.95 on the BSE.
According to the BSE filing, Genus Power Infrastructure Ltd’s wholly-owned subsidiary has received an LOA (Letter of Award) worth Rs. 3,121.42 Cr for the appointment of Advance Metering Infrastructure Service Providers (AMISPs) including the design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning with FMS of 36.27 lakhs smart prepaid meters, system meters including DT Meters with Corresponding energy accounting on DBFOOT basis. The company’s order book stood at over Rs. 17,000 Cr.
The stock has given 165% returns in six months and 220% returns in one year, therefore making an investment of 1 lakh six months ago now would be worth Rs. 2.65 lakhs and making the same amount of investment one year ago now would be worth Rs. 3.20 lakhs.
The company’s total revenue rose by 42.6% from Rs. 197.07 Cr in Q1 FY23 to Rs. 281.14 Cr in Q1 FY24 and for the same period, net profit increased by 87.3% from Rs. 12.30 Cr to Rs. 23.05 Cr.
As per the latest shareholding information, Promoters hold 50.30%, DIIs hold 5.43%, FIIs hold 2.50% and the public hold a 41.77% stake in the company.
Genus Power Infrastructures Ltd., founded in 1995, is one of the leading participants in India’s energy metering solutions business, with 27% of the market share. The company is a market leader in a variety of meters.
Written by Sheshadri N
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