In a significant development within the stock market investment sector, Genus Power has set a new benchmark by hitting an all-time high of ₹466 on August 29, reaching the 5 per cent upper circuit limit. This milestone in stock market investment comes as the company announces that its subsidiary has secured new orders valued at ₹4,469 crore.
Such impressive contracts push Genus Power’s total order book to a robust ₹32,500 crore, signaling a bullish phase for stock market investment enthusiasts focusing on this company.
Unprecedented trading volumes
On the day of the record high, around 2.5 million equity shares of Genus Power were traded on both the BSE and NSE, a figure significantly higher than the 0.7 million shares from the previous session.
This spike in trading volume underscores the growing interest and confidence in Genus Power as a stock market investment. So far, the company’s shares have seen a 100 per cent increase this year, starkly outperforming the Nifty 50’s rise of 15 per cent and highlighting its status as a promising stock market investment.
Expansion of business and future outlook
Genus Power has been proactive in expanding its business horizons, evidenced by securing a series of lucrative contracts. Recently, its subsidiary received an award valued at ₹4,469 crore to implement advanced metering infrastructure, enhancing its appeal as a stock market investment.
Including the latest contract, the company has bagged orders totalling ₹11,003.08 crore in just a few weeks, reinforcing its market position and potential for stock market investment growth.
As a leader in India's electricity metering solutions, with about 27 per cent market share and an installed capacity of over 10 million meters, Genus Power caters to significant clients like state electricity boards and private utilities. The management’s forward-looking statements suggest a target revenue of ₹2,500 crores for FY25, with an expected EBITDA margin of 15-16 per cent, making it an attractive prospect for stock market investment.
A beacon for stock market investors
Genus Power’s consistent performance, strategic contract acquisitions, and robust growth projections offer a compelling narrative for anyone engaged in stock market investment. The company's strategic advancements and operational efficiencies are set to boost its stock market investment appeal, promising exciting opportunities for market participants.
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