Genus Power Share Price ππ: 5% Surge on Friday Sends Shares Soaring
Genus Power Infrastructure Limited, a leading engineering and construction company, witnessed a remarkable surge in its share price on Friday. The company’s shares were stuck in a 5% upper circuit, reaching new heights. The primary reason behind this surge is the recent order worth INR 1,026.31 crores received by Genus Power’s wholly-owned subsidiary.
Closing at INR 234.50 on Friday, December 15, 2023, Genus Power’s share price experienced a 5% rise. On Monday, December 18, 2023, the shares were trading at INR 242, reflecting a further increase of 3.09%. The total market capitalization of Genus Power Infrastructure Limited currently stands at INR 6,041.61 crores.
Investors have witnessed a remarkable return on their investments in Genus Power shares over the past three years, with an impressive 575% return. In the last year alone, the company’s share price has surged by a staggering 157%. In 2023, Genus Power’s shares have already provided investors with a remarkable 177% return.
On December 26, 2022, Genus Power shares were trading at a low of INR 78.10, hitting their lowest point in 52 weeks. However, on September 5, 2023, the share price reached a record high of INR 290. Currently, Genus Power’s shares are trading approximately 200% above their lowest point in the past 52 weeks.
In terms of financial performance, Genus Power Infrastructure Limited reported a net profit of INR 49.2 crores in the second quarter of the current fiscal year. This marks a significant improvement compared to the net profit of INR 6.5 crores recorded in the same quarter of the previous fiscal year. The company generated a revenue of INR 308 crores in the September 2023 quarter, surpassing the INR 223 crores generated in the same quarter last year. The operating profit for the September quarter stood at INR 26.3 crores, compared to INR 16.8 crores in the same quarter of the previous fiscal year.
For the fiscal year 2023, Genus Power Infrastructure Limited reported a profit of INR 35 crores, representing an increase from the INR 21.8 crores profit recorded in the previous fiscal year. In the last financial year, the company collected INR 711.9 crores in revenue. This was slightly lower than the operating revenue of INR 826.8 crores generated in the previous fiscal year.
Genus Power primarily operates in the field of engineering, construction, metering, and contract services. The company specializes in providing innovative solutions and services based on engineering principles.
The recent surge in Genus Power’s share price reflects the company’s strong financial performance and its ability to secure significant orders. Investors continue to show confidence in the company’s growth potential, as evidenced by the impressive returns provided by Genus Power shares over the years.
ππ #GenusPower #SharePrice #Infrastructure #Engineering #Construction #Investment #FinancialPerformance
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
