India's Genus Power hits record high on $270 mln order win

Genus Power Infrastructures

04/07/2023 05:00

** Shares of Genus Power Infrastructures  GEOE.NS  rise as
much as 15.78% to hit a record high of 149.70 rupees,     
    ** Stock mark sharpest intraday pct gain since April 2022
    ** Co on Monday said it has won order worth 22.08 bln rupees
(~$270 mln) for appointment of advanced metering infrastructure
service provider
    ** Share price has been above their 50-day, 100-day and
200-day exponential daily moving averages since May 31,
suggesting bullish trend
    ** GEOE's relative strength index above 70, indicating it is
overbought
    ** More than 2.4 mln shares change hands by 9:20 a.m. IST,
1.5x 30-day avg of xx shares
    ** Stock up 53% this year as of last close
 
 ($1 = 81.9070 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))