The stock delivered multibagger returns to its investors, as in the last three months the stock surged nearly 200%, while it has rallied over 330% in the last two years. It has also rallied over 975% in the last three years.
The smart meter industry is witnessing a renewed interest from global investors, with the governments recent policy thrust in the space. While analysts see smart meters as a game changer for the electricity sector, the needle will move only with consumer buy-in and some regulatory tweaks to woo institutional investors.
Genus Power Infrastructures Ltd and GIC have signed definitive agreements with GIC to set up a ₹16,000 crores majority-owned smart meter platform in Singapore.