Genus Power rises on order win

Genus Power Infrastructures advanced 2.27% to Rs 54.10 at 12:53 IST on BSE after the company said it has won an order pegged at about Rs 125 crore.

The announcement was made during market hours today, 22 March 2018.

Meanwhile, the S&P BSE Sensex was up 11.26 points or 0.03% at 33,147.44. The S&P BSE Small-Cap index fell 0.57%, underperforming the Sensex.

On the BSE, 53,000 shares were traded on the counter so far as against the average daily volumes of 1.14 lakh shares in the past one quarter. The stock had hit a high of Rs 55.70 and a low of Rs 52.45 so far during the day. The stock had hit a 52-week high of Rs 86 on 15 January 2018 and a 52-week low of Rs 36.50 on 27 March 2017.

The small-cap company has equity capital of Rs 25.72 crore. Face value per share is Rs 1.

Supplies are to begin in Q1 June 2018. This is a significant milestone for Genus Power which will enhance its market position as a technologically advanced meter supplier, the company said in a statement. Post this, the company's total order book stands at Rs 1260 crore.

Genus Power Infrastructures' net profit rose 8.3% to Rs 13.22 crore on 9% growth in net sales to Rs 200.19 crore in Q3 December 2017 over Q3 December 2016.

Genus Power Infrastructures is amongst the largest players in India's electricity metering solutions industry. The company's key customers include the major state electricity boards and private utilities.

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