While Nomura India Investment Fund Mother Fund was on buyer’s side, the sellers were promoters Seema Todi, Banwari Lal Todi and Anand Todi who sold 26 lakh shares, 40 lakh shares and 19 lakh shares respectively.
Shares of Genus Power closed at Rs 380.50 on the BSE today, up by Rs 17.75 or 4.89% over the Thursday closing price.
The stock has witnessed a strong movement on the exchanges, delivering multibagger returns of 114% over a 1-year period which is an outperformance over Nifty’s returns of 27%. In 2024 so far, the stock has delivered more than 60% versus 14% returns by the 50-stock exchange.
The company reported a 120% year-on-year jump in its standalone net profit at Rs 42.4 crore versus Rs 19.3 crore reported by the company in the year ago period. The revenue from operations for the reported quarter stood at Rs 434 crore as against Rs 276.4 crore, higher by 57% on the YoY basis.The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 335 and Rs 277. Despite the rally, the stock has been relatively stable with a 1-year beta of 0.5 as reported by Trendlyne.However, Genus Power shares are currently trading in an overbought zone with MFI above 78-mark. A number above 70 is seen as overbought while below 30 is taken as oversold.Also Read: Gold Price Today: Yellow metal jumps by Rs 1,000/10 gram, silver dearer by Rs 2,100/kg on US payroll data woes
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