Genus Power Tumbles 7.6% After Rs 268 Crore Block Deal

Shares of Genus Power fell sharply on 30 June, slipping to a day’s low of Rs 282.10, after a large block deal hit the counter early.

The stock opened at Rs 295.50, well below its previous close of Rs 318.45, as selling pressure built up right from the start of the session.

Around 88 lakh shares, or close to 2.9% of the company’s total equity, changed hands in a block deal, with reports pegging the total transaction value at roughly Rs 267.5 crore.

The names of the buyers and sellers have not been officially confirmed. However, sources told media outlets that GIC, through its entity Chiswick Investment, is the likely seller in the transaction.

GIC held a 15.11% stake in Genus Power at the end of the March 2026 quarter. A group of high net worth individual investors are said to be on the buying side of the deal, though this has not been officially verified either.

This isn’t the first time Genus Power has seen unusual trading activity recently. The stock had actually rallied 15% over 12 trading sessions between 8 June and 24 June.

On 24 June, the company had clarified to exchanges that it had no knowledge of any pending announcement that could explain the volume spike, and that the price movement was purely market driven.

Genus Power is one of India’s largest makers of smart energy meters and plays a key role in the country’s metering infrastructure rollout.

The management has guided for revenue of around Rs 6,000 to 6,500 crore in FY27, driven by faster project execution across its order book.

As of 13:26 pm on 30 June, the Jaipur based company’s shares were trading at Rs 294.20 on the NSE, down 7.62% for the day.

The stock has also slipped about 6% over the past month and remains within its 52 week range of Rs 210.40 to Rs 394.

Ready to invest like a pro? Tradz by EquityPandit app equips you with 100+ Free tools and knowledge you need to succeed. Download the Tradz by EquityPandit app and gain access to daily stock lists and insightful market analysis and much more!

The post Genus Power Tumbles 7.6% After Rs 268 Crore Block Deal appeared first on Equitypandit.