Buy Genus Power As Its Going For New High

Buy Genus Power :

Genus power is at its 52 week high. 

GIC is taking 74% stake in this company. 

The function of the company is producing Electric Meter. 

Shareholding Pattern -

Promoters 50.43%

FII.                2.33%

DII.                5.24%

Public.         42.00%

Total income is 180cr. 

Total Expenditure is 179cr. 

Net Profit is -22Cr.

Reserve is 957cr. 

3 year CAGR sales is -12% from -19%.

CAGR profit is -36% from +8%

Debt to Equity is 0.35

As if GIC is buying it,  the shares seems best for long term investments.