The company’s share price is currently trading at Rs 259 on NSE.
In the last six months, Genus Power shares have given 182 percent returns to its long-term and short-term investors.
Genus Power Infrastructures Limited is one of the stocks which is giving massive returns to its investors in India. The company primarily deals in the manufacturing and distribution of smart energy meters, power distribution management projects and hybrid microcircuits. It has not only benefited its long-term investors but has also given huge profits to its short-term investors. Till now, the company’s stock prices have given around 2,000 percent profit to its long-term investors. In the last six months, Genus Power shares have given 182 percent returns to its long-term and short-term investors.
There are several reasons for this surge in profit in the stock price of the company. One of them is the big orders which it has recently received from the government. These orders for smart meters are worth Rs 3115.01 crore. Under this order, Genus Power has to provide advanced metering infrastructure service. Along with this, they also have to do the work of supply, commissioning and installation of prepaid meters. It is expected that after these orders, the total order book of the company will now exceed Rs 14,000 crore. It is no wonder that investors are keenly interested in the stocks of this company, as it is yielding huge profits.
On the last trading day, on October 23, the Genus Power Infrastructure company stock price was recorded at Rs 251.15 with an intraday decline of 1.47 percent on NSE. Today, this share was opened at Rs 260 and is currently trading at Rs 259 on NSE. This multi-bagger stock has given over 200 percent return profit to investors in the last year. The company has given a 790 percent return to its investors in five years.
Let’s give an estimate of the profits earned by investors. Suppose an investor buys the shares of Genus Infrastructure worth Rs 1 lakh ten years ago; back in 2013, October 25, the price of this share was only Rs 9.75, which has now increased to Rs 267 — as recorded on October 23, 2023, on NSE. Had the investor maintained his investment from 2013, then today the value of his investment would be Rs 26 lakh.
Source: News18