MGPI shares : Multibagger Genus Power Infrastructure’s shares increased today as the company received orders totaling Rs 3,608 crore
MGPI shares : Multibagger Genus Power Infrastructures’ stock is making headlines today as the company said that orders totaling Rs 3,608.52 crore were placed with its fully owned subsidiary. On Tuesday, the power stock closed at Rs 417.50 on the BSE, 2.27% higher than its previous closing of Rs 408.25. Genus Power’s market value increased to Rs 12,681.75 crore.
3.59 lakh of the company’s shares were traded, generating a transaction of Rs 15.02 crore on the BSE.
The one-year beta of 0.6 for Genus Power stock indicates very little volatility throughout that time.
In only two years, Genus Power shares have produced multibagger returns of 437.67%. The stock has returned 92.31% in a year. After three years, the stock increased by 574%.
Technically speaking, Genus Power’s relative strength indicator (RSI) is 69.5, indicating that it is neither trading in the overbought or oversold areas. The 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, and 200 day moving averages are all being outperformed by the price of Genus Power stock.
On March 14, 2024, Genus Power shares dropped to a 52-week low of Rs 204.60.
Appointing Advanced Metering Infrastructure Service Providers (AMISPs) is required in order to design an Advance Metering Infrastructure (AMI) system and provide, install, and commission 4.26 million Smart Prepaid Meters with FMS. System meters, such as DT Meters, must also be supplied, installed, and commissioned with corresponding energy accounting on a DBFOOT basis.
According to Genus Power Infrastructures Ltd.’s joint managing director, Jitendra Kumar Agarwal, “Our Company has successfully secured three new orders worth Rs. 3,608.52 Crore (net of taxes).” This continuous success demonstrates the faith our customers have in our knowledge and the outstanding quality of our services. With these latest purchases, our order book stands at about Rs. 28,000 crore (net of taxes) for all SPVs and the GIC Platform combined.
These concessions, which are valid for eight to ten years, provide the company’s strong future development a clear indication. We continue to be committed to maintaining the greatest levels of innovation, quality, and customer happiness even as we celebrate this accomplishment.
Genus Power’s primary business activities include designing, construction, and turnkey contracts, as well as manufacturing and offering metering and metering solutions. The business is divided into two segments: Measuring strategic investment and business activity
