Introduction:
Officers from the Directorate of Enforcement conducted a search at the corporate office and chairman’s residence of a green energy stock. The company assured that its operations continued smoothly, with full cooperation extended during the process.
Share price movement of Genus Power:
On December 5, 2024, Genus Power Infrastructures Ltd. opened at ₹445.00, down 3.87% from its previous close of ₹462.85. The stock reached a high of ₹449.50 and a low of ₹439.75. By 10:45 AM, it traded at ₹439.75, a 4.99% decrease, with a market cap of ₹13,362.08 crore.
Enforcement search on Genus Power:
On December 3, 2024, officers from the Directorate of Enforcement conducted a search at Genus Power Infrastructures Limited’s corporate office and the Chairman’s residence. The company assured that its business operations remained unaffected during the search.
Genus Power Infrastructures Limited fully cooperated with the enforcement officials, providing all requested clarifications and details. The company confirmed that the search proceedings did not disrupt its ongoing operations, maintaining a normal course of business throughout the process.
Recent news on Genus Power:
As of Oct 31, 2024, Genus Power Infrastructures reported a 122.6% increase in PBT and a 196.8% rise in PAT. Net Sales grew 43.9%, with an operating profit of ₹81.27 crore, while cash reserves reached ₹759.80 crore.
Ace investor holding in Genus Power:
Vikas Kothari
Vikas Kothari holds a significant 9.06% stake in Genus Power Infrastructures Ltd, owning 27,543,850 shares valued at ₹1,211.1 crore. His substantial investment highlights confidence in the company’s growth potential within the green energy sector.
Ajay Upadhyaya
Ajay Upadhyaya holds a 1.32% stake in Genus Power Infrastructures Ltd, owning 4,000,000 shares valued at ₹175.9 crore. His investment reflects a notable contribution to the company’s growth in the green energy sector.
Stock performance of Genus Power for Period of 1 week, 6 months and 1 year:
Genus Power Infrastructures Ltd has shown impressive growth with a 5.95% return over the past week, 52.0% over six months, and a remarkable 98.5% return over the past year, highlighting strong market performance and investor confidence.
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Shareholding pattern of Genus Power:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 39.30% | 42.70% | 42.70% |
| FII | 22.50% | 17.90% | 16.90% |
| DII | 3.50% | 4.80% | 5.00% |
| Public | 34.60% | 34.60% | 35.50% |
About Genus Power:
Genus Power Infrastructures Limited (NSE: GENUSPOWER) is a part of the Kailash Group, specializing in manufacturing metering solutions and providing turnkey engineering, construction, and contract services, along with strategic investments.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
