Veteran investor Madhusudan Kela has significantly increased his stake in Genus Power Infrastructures, acquiring 13.79 lakh (1.37 million) shares through a block deal on Tuesday, July 1, 2026. The shares were purchased at an average price of Rs 290 each, valuing the transaction at approximately Rs 40 crore.
Kela's name, specifically Madhuri Madhusudan Kela, appeared among the buyers in the block deal. Notably, Kela's name was not present in the company's shareholding data at the end of March 2026, indicating a fresh or significantly increased investment.
Market Context and Recent Performance
This acquisition follows a major divestment by Singapore's sovereign wealth fund GIC Group. On June 30, 2026, GIC, through its affiliate Chiswick Investment Pte Ltd, sold an 11.03% equity stake in Genus Power Infrastructures for Rs 955.6 crore.
In the current trading session, Genus Power Infrastructures stock saw a rise of 4.42%, reaching Rs 312.35. On the BSE, 5.27 lakh shares changed hands, contributing to a turnover of Rs 16.27 crore, pushing the company's market capitalization to Rs 9,014 crore.
Stock Volatility and Company Profile
Genus Power has experienced considerable volatility, hitting a 52-week high of Rs 393.61 last August and a 52-week low of Rs 210.49 in February this year. Despite recent fluctuations, the stock has delivered strong returns, gaining 38% in the last three months and an impressive 131% over three years.
Technically, the stock's Relative Strength Index (RSI) stands at 40.2, suggesting it is neither overbought nor oversold. With a one-year beta of 1.47, Genus Power exhibits very high volatility. The shares are currently trading below their 5-day, 10-day, 20-day, and 30-day moving averages but remain above the 100-day and 150-day averages.
Genus Power Infrastructures primarily specializes in manufacturing and providing metering and metering solutions. The company also undertakes engineering, construction, and contract work on a turnkey basis, operating through two main segments: Metering business and Strategic investment activity.