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A meeting of the board of directors of the company will be held on August 10, 2023 to consider and approve the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2023.
In past two trading days, the stock of Genus Power has rallied 30% after signing definitive agreements with Gem View Investment, an affiliate of GIC, Singapore.
Genus Power share price: The stock rose 20 per cent to hit a 52-week high of Rs 168.90. At this price, the stock is up 46.37 per cent in four sessions. It almost doubled this calendar so far.
Genus Power Infrastructures has posted about 46 per cent surge in 4 days and 66 per cent rise in the past one month
Shares of Genus Power Infrastructures soared over 15% after the company secured a Rs 2,207.53 crore order for the design, installation, and commissioning of 27.69 lakh smart prepaid meters. Jitendra Kumar Agarwal, Joint MD of the company, said the order win provides added revenue visibility for the coming years and signals a strong start to order inflow in FY24. The implementation of the Revamped Distribution Sector Scheme (RDSS) is expected to have a significant impact on the Indian metering industry. The stock has surged 67% year-to-date.