{"id":106429,"date":"2023-08-08T15:20:21","date_gmt":"2023-08-08T09:50:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106429"},"modified":"2023-08-08T15:20:23","modified_gmt":"2023-08-08T09:50:23","slug":"energy-stock-jump-up-to-8-after-bagging-an-order-worth-2209-84-cr-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/energy-stock-jump-up-to-8-after-bagging-an-order-worth-2209-84-cr-check-the-details\/","title":{"rendered":"Energy stock jump up to 8% after bagging an order worth \u20b9 2,209.84 Cr; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3352649369\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this multibagger energy stock jumped up to 8 percent on Tuesday after the company\u2019s subsidiary bagged an order worth Rs 2,209.84 crores. The company has a market capitalization of Rs 4,900 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3259403629\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GENUSPOWER\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Genus Power Infrastructures Limited<\/a><\/strong> started their trading session today at Rs 182.40 and currently trade at Rs 190. The company\u2019s scrip witnessed an intra-day high, also recorded as the fresh 52-week high mark, of Rs 196 indicating a gain of around 8 percent as compared to the previous close of Rs 181.60 apiece.\u00a0<\/p><p>Year-To-Date, the company\u2019s stock has proven to deliver multibagger returns of 123% to its stakeholders, i.e., an investment of Rs 1 Lakh would have converted to Rs 2.23 Lakhs within a period of eight months if someone would have invested in the stock.&nbsp;<\/p><p>The company\u2019s shares were on the rise post a BSE filing announcing that the Wholly Owned Subsidiary (WOS) of the company received a Letter of Award (LoA) worth Rs 2,209.84 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3986581696\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The order pertains to the appointment of \u201cAdvanced Metering Infrastructure\u201d services including the design, supply, installation, and commissioning of 21.77 Lakhs Smart Prepaid Meters. Post the order, the total order book of the company exceeds Rs 8,200 crores.&nbsp;<\/p><p>\u201cThis is the second major order that we have won, after securing an order of Rs. 2,208 crore (net of tax) in last month. This achievement represents a substantial milestone for our organisation, and we possess a strong conviction that it will serve as a catalyst for exponential business expansion within the Indian market.\u201d, <strong>commented Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures<\/strong>.&nbsp;<\/p><p>According to the shareholding pattern data pertaining to the quarter ending June 2023, the Promoters hold a 50.42 percent stake (1.92 percent pledged), and the Foreign Institutional Investors (FIIs) hold a 2.67 percent stake in the company.&nbsp;<\/p><p>Genus Power Infrastructures Limited is involved in the business of manufacturing\/providing metering as well as metering solutions that include smart meters, multi-functional single-phase and three-phase meters, availability-based tariff (ABT), grid meters, among others. The company also undertakes engineering and construction contracts on a turnkey basis.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2776326764\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this multibagger energy stock jumped up to 8 percent on Tuesday after the company\u2019s subsidiary bagged an order worth Rs 2,209.84 crores. The company has a market capitalization of Rs 4,900 crores.&nbsp; The stocks of Genus Power Infrastructures Limited started their trading session today at Rs 182.40 and currently trade at Rs 190. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9747,9748,9746,948,936,9749],"class_list":["post-106429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-genus-power-infrastructures-latest-news","tag-genus-power-infrastructures-latest-orders","tag-genus-power-infrastructures-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-genus-power-infrastructures-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Energy stock jump up to 8% after bagging an order worth \u20b9 2,209.84 Cr; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this multibagger energy stock jumped up to 8 percent on Tuesday after the company\u2019s subsidiary bagged an order worth Rs 2,209.84 crores. 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