Table of Contents
Genus Power Infrastructures Ltd share price target, Multibagger stocks, Multibagger stocks for 2024,
Description
Discover the share price target for Genus Power Infrastructures Ltd and explore potential multibagger stocks for 2024. Stay informed and make informed investment decisions.
I came across the charts of Genus Power Infrastructures Ltd while doing my research and it looked very interesting.
From March 2023 till March 2024, the stock gave an impressive 160% return, and that too when it is going through a correction for last 7 months.
If we look at slightly longer term i.e. from March 2020 till now, the stock sits proudly in the list of multibagger stocks.
Genus Power Infrastructures Ltd Share Price Target
If we look at the charts of Genus Power Infrastructures Ltd, we can see a pattern evolving like the one we saw in 2023 (Point 1)
I am working with an assumption that if the stock price Genus Power Infrastructures Ltd crosses above 274, it will open further upside for the stock.
I am looking at a return of 25% within next 6 months.
Another important point to consider is the fact that FIIs (Foreign Institutional Investors) have added 14.83% stake in the company in January 2024. In December 2024, FII holding in the company was 2.05%.
While in June 2021, FII holding in the company was mere 0.89%
Now that’s a considerable quantity.
Genus Power Infrastructures Ltd Shareholding Pattern
| March 2023 | June 2023 | Sept 2023 | Dec 2023 | Jan 2023 | |
| Promoters | 50.44% | 50.44% | 50.30% | 50.27% | 42.66% |
| FIIs | 2.33% | 2.67% | 2.50% | 2.05% | 16.88% |
| DIIs | 5.24% | 5.34% | 5.44% | 5.66% | 4.80% |
| Public | 42% | 41.56% | 41.77% | 42% | 35.67% |
One important point to notice is while FIIs have added a huge position in the company, while public stake is on the decline, meaning the stock is is getting transferred from the weak hands to strong heads.
Genus Power Infrastructures Ltd Pattern Rating Update
Disclaimer : This is not a buy/sell recommendation. These are my point of views and this is just for discussion/education purpose.