With YTD return of 176%, this electronic equipment major gains 5%: Here's why

Shares of Genus Power in early morning deal on Friday (December 15) traded with sharp gains of around 5 per cent at Rs 234.45 each. The gains in the stock were triggered after the company's wholly owned subsidiary bagged an order worth Rs 1,026.31 crore.
In the regulatory filing with exchanges, the company said, ".. wholly owned subsidiary has received a Letter of Award (LOA) worth Rs. 1,026.31 crore (net of taxes) for appointment of Advanced Metering Infrastructure Service Providers (AMISPs), including design of Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning with FMS of about a million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis."
 
"In relatively short span, since July 2023, our company has secured a total of seven orders, amounting to about Rs. 16,185 crore (net of taxes). This consistent success reflects the trust our clients place in our capabilities and the superior quality of our offerings. With the addition of the recent order, our total order book has now surpassed the significant milestone of Rs. 20,000 crore (net of taxes)," Jitendra Kumar Agarwal, Joint MD of Genus Power, is quoted as saying in the release.
 
Genus Power is a multibagger stock with a 1-year return of 155 per cent, while on a year-to-date (YTD) basis, the stock has delivered a whopping 176 per cent return.
 
Genus Power Infrastructures, started in 1995, is among the largest players in India’s electricity metering solutions industry, with around 27 per cent market share. The company is the market leader in manufacturing various kinds of meters and has developed ‘smart metering solutions’ with an in-house R&D centre. The company also has an engineering, construction, and contracts (ECC) division which complements the existing meter business.