ICICI Securities is bullish on Genus Power Infrastructures recommended buy rating on the stock with a target price of Rs 250 in its research report dated August 14, 2023.

Buy Genus Power Infrastructures; target of Rs 250: ICICI Securities

Genus Power Infrastructures has seen a sharp rise in order inflow for smart meters over the last six quarters, with its orderbook reaching INR 82bn. Revenue and EBITDA growth of 40% and 2x respectively were driven by higher execution of orders and easing raw material prices. Discoms have bid orders …

Genus Power Infrastructures shares surge 9 per cent on Q1 showing

Genus Power Infrastructures on Tuesday said its subsidiary has bagged a Rs 2,209.84-crore order for supply and installation of 21.77 lakh smart pre-paid electricity meters. The company has received a letter of award (LOA) of Rs 2,209.84 crore (net of tax) for the appointment of advanced metering inf…

Genus Power Infrastructures arm bags order worth Rs 2,210 crore

Genus Power Infrastructures Ltd. saw a 4% rise in shares after a LOA valued at ₹2,209.84 crore was awarded to its subsidiary for the design, supply, installation, and commissioning of 21.77 Lakhs Smart Prepaid Meters. This brings the total order book to over ₹8,200 crore. The RDSS is expected to rev…

Genus Power Infrastructures secures order; shares rise

Shares of Genus Power Infrastructures Ltd have turned multibagger, delivering over 500% returns in the last three years. The electrical equipment stock, which closed at Rs 26.05 on July 10, 2020 ended at Rs 163.25 on BSE in the last session, translating into a gain of 526.67 per cent during the peri…

Rs 26 to Rs 163: This power stock turned into a multibagger in three years, trading near 52-week high

Genus Power Infrastructures has posted about 46 per cent surge in 4 days and 66 per cent rise in the past one month

66% Return In A Month! This Smallcap Company Seeing Unabated Surge, Why? - News18

Genus says this is the largest transaction in the smart metering space in India

GIC, Genus Power Infra tie up to invest $2 bn in smart meter venture

Singapore’s sovereign wealth fund GIC and Genus Power Infrastructures have agreed to set up a joint venture platform to fund smart metering projects and have committed to invest $2 billion for the initial pipeline.

Singapore’s GIC, Genus Power Infra to invest $2 billion in smart meter projects

The company said it has received a letter of award (LoA) of Rs 2,207.53 crore for appointment of Advanced Metering Infrastructure Service Provider (AMISP)

Genus Power Infra zooms 15% on order win worth Rs 2,207 crore

A meeting of the board of directors of the company is scheduled for today to consider and recommend dividend, if any, on equity shares of the company for FY23

Genus Power Infrastructures hits record high on order win worth Rs 2,207.5 cr

Genus Power Infrastructures advanced 2.40% to Rs 87.93 after the company announced that it has incorporated Genus Assam Package-2 SPV, a wholly-owned subsidiary of the company on 9 March 2023.

Genus Power rises on incorporating SPV for advanced metering contract

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Genus Power Infrastructures Limited is engaged in manufacturing/providing metering and metering solutions and power backup. The Company also undertakes engineering, construction and contracts on turnkey basis.