Small Cap Dividend Stock Hits Upper Circuit, Offers 197% Return In 90-Days

Small cap stock operating in electronics sector, Genus Power Infrastructures Ltd more than doubled investors money in just last 3-months. Genus Power Infrastructures shares offered shareholders 197% return in last 90-days. Genus Power stock hit upper circuit on September 1, 2023. Last trading price of Genus Power share on BSE is Rs 271.60 per share with intraday gain of 4.99% on Friday. The company fixed September 21 as the record date for dividend. Check details about the dividend stock below:

Genus Power Infrastructures Fixed Record Date For Dividend, AGM On Aug 26: According to the BSE filing of the company dated Aug 26, The Company has fixed Thursday, September 21, 2023 as:

(a) the "Cut-off Date" for the purpose of determining the Members eligible to vote on the resolutions set out in the Notice of the AGM and to attend the AGM; and

(b) "the "Record Date" for the purpose of determining the Members eligible to receive dividend of Re. 0.75 (Seventy Five paisa) per equity share of face value of Re.1/- each (75% of the face value) for the financial year 2022-23 (as recommended by the Board of Directors at its meeting held on July 04, 2023), if declared at the 31st AGM. The dividend, if declared at the AGM, will be paid within a period of 30 days from the conclusion of the AGM."

Genus Power Stock Performance & Return In last Few Years: Last trading price of Genus Power share is Rs 271.60 apiece with intraday gain of 4.99% as on September 1, 2023. The stock's 52-week high price is Rs 277.00 apiece and 52-week low price is Rs 76.50 apiece, respectively. It has a market capitalisation of Rs 6997.45 crore. In last 6-months, Genus Power shares soared 205%, gained 220% YTD, and offered 217% in last 1-year. Genus Power stock witnessed a rally of 336% in last 2-years and offered shareholders a return of 976% in last 3-years. In last 10-years, Genus Power stock rose 2723%.

Genus Power Key Financials: The company for the quarter ended June 30, 2023 declared a surge of 55.58% in its consolidated total income to Rs 280.14 crore as compared to its last quarter total income of Rs 180.06 crore. It declares its recent quarter net profit after tax at Rs 23.02 crore.

Genus Power About: Genus Power Infrastructures Limited is an integral part of the US $400 million Kailash Group. Genus has two business divisions offering highly innovative and sustainable solutions to the power sector. The Metering Solution Division provides a complete range of Electricity Meters such as Multi-Functional Single Phase Meters, DT Meters, Pre-Payment Meters, Smart Meters, AMI, MDAS etc. The Engineering Construction and Contracts Division undertakes Turnkey power projects such as Sub-Station erection upto 420kV, Laying up of transmission & distribution lines, Rural Electrification, Switchyard, Network Refurbishment etc, according to its official website.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.