Smart metering solutions manufacturer Genus Power Infrastructures Ltd is under radar as the shares of the company have gained more than 50% in the last one month and the brokerages remain bullish on the stock. The smallcap stock has experienced significant growth, with its shares delivering an impressive returns of over 500% in the past three years.
The stock has surged from Rs 24 per share in August 2020 to the current level of Rs 166 apiece in just three years, reflecting a remarkable growth of 572%.
Though the shares of Genus Power closed 3.68% lower at Rs 166 apiece on BSE on Thursday, the stock has surged 96% so far this year and over 112% in the past 12-month period. The company’s market capitalisation currently stands at Rs 4,266 crore.
Earlier this week, ICICI Securities recommended a ‘buy ‘ rating on the stock with a target price of Rs 185 per share, indicating an upside of more than 11% from the current market price
