Stock Tips: Amidst the boom in the market, investors are confused about which stock can be invested in to get great returns. According to market analysts, investors can get up to 85 percent returns by investing in Genus Power Infrastructures Limited (GPIL). Analysts have given investment advice on this stock and have given a ‘Buy’ rating. Due to government policies, the prices of this stock are expected to strengthen.
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Genus Power Infrastructures Buy
- It is a leading provider of smart meter solutions in the country with an annual production capacity of 10 million meters.
- It is the country’s largest listed Smart Electricity Meter Company which provides many end-to-end services including advanced metering infrastructure (AMI) set up and facility management systems.
- It has a market share of 25 per cent in terms of meters and 65 per cent among private power companies.
- There is a plan to install smart meters across the country, which will benefit the company the most. The target is to replace the old meters by 10 crore by December 2023 and to install 25 crore prepaid smart meters by March 2025. By August 2021, only 28 lakh smart meters have been installed i.e. brokerage firms.
- According to ICICI Securities, the company has high growth potential.
- ICICI Securities has fixed a target price of Rs 117 for investing in this stock.
Talking about the valuation, at the current price of Rs 63, this stock is trading at 10.7x P/E and 1.5x P/B based on FY2024 estimates. - Talking about the risk of investing in this stock, if there is a lockdown due to the Corona epidemic, then the implementation of the project and the supply chain may get hampered. Apart from this, delay in tender or non-cooperation on the policy of installation of smart meters by the states and increase in commodity prices can also affect the growth of the company.
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