Genus Power Infra zooms 15% on order win worth Rs 2,207 crore
Shares of Genus Power Infrastructure hit a new high of Rs 149.65 as they zoomed 15 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes after the company won order worth over Rs 2,000 crore. In the past two months, the market price of the company has rallied 68 per cent.
At 10:41 am, the stock was quoting 10 per cent higher at Rs 142.80 as compared to 0.15 per cent rise in the S&P BSE Sensex. Average trading volumes on the counter jumped over three-fold today with a combined 7.6 million shares having changed hands on the NSE and BSE.
Genus Power said that it has received a letter of award (LoA) of Rs 2,207.53 crore for appointment of Advanced Metering Infrastructure Service Provider (AMISP)
