Powered by: Motilal Oswal
2023-11-07 12:06:25 pm | Source: Accord Fintech
Genus Power Infrastructures inches up on incorporating step-down subsidiary
Genus Power Infrastructures inches up on incorporating step-down subsidiary

Genus Power Infrastructures is currently trading at Rs. 251.30, up by 0.20 points or 0.08% from its previous closing of Rs. 251.10 on the BSE.

The scrip opened at Rs. 255.95 and has touched a high and low of Rs. 255.95 and Rs. 249.10 respectively. So far 24749 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 290.00 on 05-Sep-2023 and a 52 week low of Rs. 78.10 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 258.50 and Rs. 244.20 respectively. The current market cap of the company is Rs. 6452.54 crore.

The promoters holding in the company stood at 50.30%, while Institutions and Non-Institutions held 7.93% and 41.77% respectively.

Genus Power Infrastructures has incorporated a step-down subsidiary, namely ‘Durg Rajnandgaon Jagdalpur Smart Metering’. The company has incorporated step-down subsidiary on November 06, 2023. It is incorporated as SPV for execution of Advanced Metering Infrastructure Service Provider (AMISP) Contract.

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.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here