There has been a tremendous rise in the shares of smallcap company Genus Power. Shares of the company rose by 5 percent to Rs 399.75 in Bombay Stock Exchange (BSE) on Wednesday. Shares of Genus Power Infrastructures have been on the upper circuit for the second consecutive day. Market experts say that the shares of Genus Power may see further rise. According to experts, the company’s shares can go up to Rs 500.
Advice to buy company shares
Brokerage house Emkay has started coverage of Genus Power. The brokerage house has advised to buy the shares of the company. The brokerage house has given a target price of Rs 500 for the company’s shares. MK wrote in a note that Genus Power will be one of the biggest beneficiaries of the upcoming smart meter installation drive under the Rs 3 lakh crore Revamped Distribution Sector Scheme. Under this scheme, traditional meters are to be replaced.
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Shares rise by 1255% in 4 years
Shares of Genus Power Infrastructures have risen by more than 1255% in the last 4 years. Shares of the smallcap company were at Rs 29.45 on October 9, 2020. The shares of the company have reached Rs 399.55 on 9 October 2024. In the last 3 years, Genus Power shares have seen a rise of 422%. At the same time, the company’s shares have jumped 53% in the last one year. In the last 7 months, the shares of Genus Power have increased by a tremendous 87%. The 52-week high level of the company’s shares is Rs 476.55. At the same time, the 52-week low level of the company’s shares is Rs 204.50. The market cap of Genus Power has crossed Rs 12,142 crore.
