India's Genus Power Infra rises on $349.72-mln order win

Genus Power Infrastructures

30/01/2023 05:07

(Repeats with no changes to text)
    ** Shares of electronic energy meters pioneer Genus Power
Infrastructures  GEOE.NS  up as much as 9% to 93.50 rupees,
their biggest intraday pct gain since Dec. 13, 2022
    ** Stock at highest level since Jan. 23, 2023
    ** Co on Friday, after market hours, said Genus and its unit
Hi-Print Metering Solutions won an order worth 28.56 bln rupees
($349.72 million)
    ** "We anticipate a sharp revenue rebound in coming quarters
on account of robust orderbook and healthy order inflow, and
restoration of normalcy in the supply chain," said Joint
Managing Director Jitendra Kumar Agarwal
    ** Over 546,000 shares change hands by 10:13 a.m. IST, 1.0x
the 30-day moving avg
    ** Stock rose ~22% in 2022
($1 = 81.6650 Indian rupees)
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))