Genus Power Infrastructures has surged to its upper circuit limit of Rs. 438.35, climbing 20.85 points or 4.99% from its previous close of Rs. 417.50 on the BSE.

The stock opened at Rs. 438.35 and hit a high of Rs. 438.35, with a low of Rs. 435.00 during the day. Trading volume reached 130,368 shares on the exchange.

The stock, which belongs to the BSE group 'A' with a face value of Rs. 1, achieved a 52-week high of Rs. 438.35 on August 21, 2024, while its 52-week low stood at Rs. 204.60 on March 14, 2024.

Over the past week, the stock fluctuated between Rs. 438.35 and Rs. 386.60. The company's market capitalization now stands at Rs. 13,315.08 crore.

In terms of ownership, the company's promoters hold 42.66%, while institutional and non-institutional investors hold 22.71% and 34.63%, respectively.

The growth is bolstered by the company's subsidiary, which recently received three Letters of Award (LOAs) valued at Rs 3,608.52 crore (excluding taxes) for providing Advanced Metering Infrastructure Service Providers (AMISPs). The contract includes the design, supply, installation, and commissioning of around 4.26 million Smart Prepaid Meters and other related systems.

Previously, the subsidiary had secured contracts worth Rs. 2,925.52 crore. Genus Power Infrastructures continues to lead in the manufacturing of electronic energy meters and power distribution systems, both domestically and internationally.