Genus Power Infrastructures Ltd (NSE: GENUSPOWER): The share of smallcap company Genus Power Infrastructures Ltd reached a new all-time high on Thursday. The share of the company climbed by 5 % in value to 466.25 rupees.
This rise in Genus Power Infrastructures Ltd’s share has come after an announcement. The company has announced that its unit has received new orders worth Rs 4,469 crore.
This is the third order received by Genus Power Infrastructures Ltd in the last 10 days. In the last month, the company’s share has jumped by more than 25 percent.
Order For 55.9 Lakh Smart Meters
Genus Power Infrastructures Ltd has said that its wholly-owned unit has received letters of award worth Rs 4,469 crore.
This order is for the design, supply, installation, commissioning, and management of about 5.59 million (55.9 lakh) smart prepaid meters including distribution transformer (DT) meters.
Additionally, it involves the appointment of an advanced meters provider of infrastructure services. In recent weeks, the company has received three big contracts worth Rs 11,003.08 crore.
The total order books of the company have been increased to 32,500 crore rupees.
More Than 2100% Jump In The Company’s Share In 5 Years
Genus Power Infrastructures Ltd’s share has jumped more than 2100 percent in the last 5 years. The company’s shares were at Rs 20.80 on 30 August 2019.
Genus Power Infrastructures Ltd’s share reached Rs 466.25 on 29 August 2024. In the last 3 years, the company’s share has seen a rise of about 700 percent.
The company’s share was at Rs 58.05 on 27 August 2021. Genus Power Infrastructures Ltd’s share reached Rs 466.25 on 29 August 2024. Genus Power Infrastructures Ltd’s share has gained 80% in the last year.
Company’s Business
Genus Power Infrastructures Ltd is one of the leading companies providing electricity metering solutions. Its market share is around 27%.
The company is a leader in many types of meters. The company has created advanced intelligent metering systems.
Quick Fact
| Company name | Genus Power Infrastructures |
|---|---|
| Recent price increase | 5% |
| Current price | ₹466 |
| New orders received | ₹4469 crore |
| Orders in last 10 days | 3 orders |
| Recent order | 55.9 lakh smart meters |
| Total recent contracts | ₹11003 crore |
| Total order book | ₹32500 crore |
| 5-year share increase | Over 2100% |
| Share price on 30 Aug 2019 | ₹21 |
| Share price on 29 Aug 2024 | ₹466 |
| 3-year share increase | About 700% |
| Share price on 27 Aug 2021 | ₹58 |
| 1-year share gain | 80% |
| Market share in metering solutions | Around 27% |
| Business focus | Electricity metering solutions |
| Advanced systems | Intelligent metering systems |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
