Stock of Interest

Posted On: October 19, 2023

#GENUSPOWER (NSE) Stock Report | 18 Oct 2023

Genus Power Infrastructures Ltd is engaged in manufacturing/providing metering and metering solutions and undertaking engineering, construction, and contracts on a turnkey basis. It operates through the power segment. The company’s metering solutions include a range of electricity meters, such as multi-functional single-phase and three-phase meters, current transformer (CT)-operated meters, availability-based tariff (ABT), and grid meters, distribution transformer (DT) meters, pre-payment meters, and smart meters, among others. The engineering construction and contracts business undertakes turnkey power projects, such as sub-station erection, laying up of transmission and distribution lines, rural electrification, switchyards, and network refurbishment.

#xCalData predicts that # GENUSPOWER will continue its bearish phase over the next five days and trend within the range of 242 to 266.

In comparison to the previous month, the price of the stock has experienced a decline of 1.02% indicating a bearish.

The Stock has doubled twice since 27 Mar 2015 and took an average of 3.3 years to double.

The stock has not shown seasonality trend in the past.

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past.

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely QQE indicate Bullish view.

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days.

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