Shares of multibagger firm Genus Power Infrastructures rose more than 15% to Rs 149.6 after the company secured an order worth Rs 2,207 in Tuesday's trading on BSE. Rs.53 billion is being transferred from India to a new company. A letter of award of Rs. 2207 has been received from Genus Power Infrastructures. 53 crore for appointment of Advanced Metering Infrastructure Service Provider AMISP, including design of AMI system with supply, installation, and commissioning of 27.69 lakhs Smart Prepaid Meters, feedermeter, DT Meter level energy, accounting and FMS of these 27.69 lakhs smart meters, the company said in an exchange filing. This order win provides added visibility to our revenues for coming years, said Jitendra Kumar Agarwal, joint Managing Director of Genus Power Infrastructures. It also signals a strong start to order inflow in FY 24. We expect a sharp revenue rebound in the coming quarters on robust order book and healthy order inflow, and restoration of normalcy in the supply chain. The implementation of the Revamped distribution sector scheme RDSS is anticipated to have a profound impact on the Indian metering industry. The project will bring a multifold increase in the annual size of the industry, as well as a transition from conventional to smart meters. This will allow for better operating margins for meteringcompanies, he said. At10.39 am, the scrip was 10% higher at 142.4 on the BSE. The stock has surged over 67% in the past year, while it has risen 94% in the past year. In addition, Genus Power has also released multibagger returns to its investors, as the stock has rallied 503% in the past three years. The average target price of the stock is Rs 121, a 15% decrease from the current market prices, according to Trendlyne data. One analyst's consensus recommendation for the stock is a 'Strong Buy'. Technically, the stock is 80.2, compared to the previous day's RSI 14 of 80.2. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 6.1, above its center and signal line, a bullish indicator.
Genus Power Infrastructures shares surge over 15% to Rs 2,207

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8 Comments
Leonardo
Economic uncertainty: The global economic uncertainties caused by events such as the COVID-19 pandemic could impact the company's order book and the overall demand for its products and services.
Micluxo
Regulatory risks: The company operates in a highly regulated industry. Changes in regulations or the introduction of new policies could impact the company's operations and profitability.
Friend
High valuation: The stock has already rallied 503% in the last three years, which raises concerns about its current valuation. Investors might be paying a premium for the stock, potentially leading to limited upside in the future.
Katchuka
Supply chain disruptions: The company mentioned that it anticipates a sharp revenue rebound in the coming quarters based on the restoration of normalcy in the supply chain. However, any disruptions in the supply chain could impact the company's ability to fulfill its orders and generate revenue.
Loubianka
Lack of customer diversification: The company's revenue is heavily dependent on this one order, which raises concerns about its customer diversification. Relying on a single customer for a significant portion of revenue can be risky.
Comandante
Lack of diversification: The company's revenue is heavily dependent on this one order, which poses a risk in case of any unforeseen circumstances or if the project faces delays.
Habibi
Limited target market: The implementation of smart meters is still at a relatively early stage in India. The company's target market may have limitations, which could hinder its ability to continue generating high revenues in the future.
Micluxo
Market saturation: The implementation of the Revamped Distribution Sector Scheme (RDSS) may lead to a crowded market with increased competition, potentially resulting in lower profit margins for Genus Power Infrastructures.