Genus Power Infra?

Any thoughts on Genus Power Infra? It seems to be a beta play. What is scary is it is a play in the power sector which is highly regulated.. What makes it interesting is G. Chockalingam Equinomics has been recommending this stock on a regular basis. He is a analyst who i respect as he is a conservative and good fundamental analyst

https://www.ndtv.com/video/player/news/buy-genus-power-for-long-term-g-chokkalingam/371616

I do think that there are blue chips which are available at reasonable valuations which can be picked up at current prices, rather than make a beta play. However wanted to do my due diligence on this one.

Any thoughts on this stock? Can it be a good play like PTC india financial services which was 14 Rs per share 1.5 years back? Anybody invested in this stock or any have done additional analysis?

 

I am holding Genus Power for the last 8 years. Idon't think it falls innto high beat stock categorty. As you mentioned, the business or products of the company do not come under any goverment regulatary control. This is purely into power distribution and power metering sub area of power infrastructure. Only power generation plants suffer becacause of govnemnt control on rawmaterial and final products.

In my opinion, it is a very good candidate for long term play as the demand for distribution and electricity metering will increase as large power generation capacity is going to come on stream in next two yeras time.

 

Gopichand, sir please advise what kind of returns this stock gave for the past 8 years in your portfolio, may be I look into to invest. Thanks in advance.

 

Dreamer ji,

My expected price is above Rs 45 in two years by which time the demand for power meters will be very high as power generation capacity is increasing. Secondly, the new plant which started production in Jan 15 will contribute significantly to the top and bottom line.