Genus Power Infrastructures rises on incorporating wholly-owned subsidiaries
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Genus Power Infrastructures is currently trading at Rs. 90.20, up by 0.70 points or 0.78% from its previous closing of Rs. 89.50 on the BSE.
The scrip opened at Rs. 90.35 and has touched a high and low of Rs. 92.00 and Rs. 89.75 respectively. So far 84654 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 113.00 on 21-Apr-2022 and a 52 week low of Rs. 58.20 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 93.40 and Rs. 84.95 respectively. The current market cap of the company is Rs. 2319.05 crore.
The promoters holding in the company stood at 50.44%, while Institutions and Non-Institutions held 7.23% and 42.33% respectively.
Genus Power Infrastructures has incorporated wholly-owned subsidiary companies (WOS) in the name of ‘Hi-Print Energy Solutions’ and ‘Hi-Print Infra’ on August 31, 2022 (Certificate of Incorporation issued on September 07, 2022) and September 02, 2022 (Certificate of Incorporation issued on September 08, 2022), respectively in order to bid separately across varied smart meter tenders. The WOS companies are incorporated in order to bid separately across varied smart meter tenders.
Genus Power Infrastructures (GPIL) is engaged in the manufacture and distribution of electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.
