{"id":114110,"date":"2023-11-22T11:49:45","date_gmt":"2023-11-22T06:19:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114110"},"modified":"2023-11-22T11:49:50","modified_gmt":"2023-11-22T06:19:50","slug":"smart-meter-stock-jumps-up-to-1-5-after-it-incorporated-two-wholly-owned-step-down-subsidiaries","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smart-meter-stock-jumps-up-to-1-5-after-it-incorporated-two-wholly-owned-step-down-subsidiaries\/","title":{"rendered":"Smart-meter stock jumps up to 1.5% after it incorporated two wholly-owned step-down subsidiaries"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3935842347\"><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>The shares of one of the leading smart meter manufacturers gained up to 1.5 percent after the Company incorporated two wholly-owned step-down subsidiaries.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-845156124\"><!-- 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>With a market capitalization of Rs 6,073.81 crore. <strong>Genus Power Infrastructures Ltd<\/strong>, On Wednesday, the shares were trading at Rs 235.75 a share, an increase of 0.17 percent from the previous close price.\u00a0<\/p><p>According to the exchange filing, Genus Power Infrastructures Ltd has incorporated two wholly-owned step-down subsidiaries: Himachal Pradesh C Zone Smart Metering Pvt Ltd. and Garhwal Smart Metering Pvt Ltd with 100 percent control. It is incorporated as SPV for the execution of the advanced metering Infrastructure Service Provider (AMISP) Contract.&nbsp;<\/p><p>Looking into the company&#8217;s finances, Genus Power Infrastructures Ltd&#8217;s revenue increased by 18.44 percent from Rs 218.63 Crore in Q2FY23 to Rs 258.96 Crore in Q2FY24. During the same period, net profits increased by 622 percent from Rs 6.74 crore to Rs 48.67 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1001953779\"><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 stock gave a 162.96 percent return in six months and a 173.24 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 2.73 Lakhs in a year.&nbsp;<\/p><p>The company\u2019s recent shareholding pattern, The Promoters of the Company own 50.3 percent, Retail shareholders own a 41.77 percent stake in the company and Foreign Institutional Investors own a 2.5 percent stake.&nbsp;<\/p><p>Genus Power Infrastructure Ltd reported excellent return ratios in the recent financial year with a return on equity (ROE) of 3.07 percent and a return on capital employed (ROCE) of 5.77 percent.&nbsp;<\/p><p>Genus Power Infrastructure Ltd includes engineering, construction, and contracts as well as manufacturing and supplying metering and metering solutions.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-2187476604\"><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>The shares of one of the leading smart meter manufacturers gained up to 1.5 percent after the Company incorporated two wholly-owned step-down subsidiaries.&nbsp; With a market capitalization of Rs 6,073.81 crore. Genus Power Infrastructures Ltd, On Wednesday, the shares were trading at Rs 235.75 a share, an increase of 0.17 percent from the previous close [&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":[9747,14569,9746,948,936],"class_list":["post-114110","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-new-subsidiary","tag-genus-power-infrastructures-share-price","tag-stock-market","tag-stock-market-news"],"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>Smart-meter stock jumps up to 1.5% after it incorporated two wholly-owned step-down subsidiaries - 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