External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Genus Power Infrastructures / Equity Bottom-Up

<ul><li>Addressable Market: Against the RDSS’s Smart Meter Installation target of 25 Cr, ~15 Cr meters have been awarded, and 4.5 Cr are installed.</li><li>Out of the remaining 10 Cr meters to be awarded, tenders for 3.8 Cr meters are live, which will be finalised by the end of FY26.</li><li>The balance tenders for ~6.0-6.5 Cr meters could go live in the next 12 to 18 months. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Addressable Market: Against the RDSS’s Smart Meter Installation target of 25 Cr, ~15 Cr meters have been awarded, and 4.5 Cr are installed.Out of the remaining 10 Cr meters to be awarded, tenders for 3.8 Cr meters are live, which will be finalised by the end of FY26.The balance tenders for ~6.0-6.5 Cr meters could go live in the next 12 to 18 months. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Genus Power Infrastructures Ltd - Strong Q2; Tendering Progress Will Be the Key

Thematic (Sector/Industry)

<ul><li>Cumulative all-India electricity demand in Q3FY26 stood at 393 BU, almost flat YoY and down 13% QoQ.</li><li>The electricity demand saw a decline post the extended monsoon.</li><li>In Q3FY26, the peak power demand stood at 241 GW in the month of Dec’25, which has improved over 224 GW of peak achieved in Dec’24 in last year’s Q3FY25. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cumulative all-India electricity demand in Q3FY26 stood at 393 BU, almost flat YoY and down 13% QoQ.The electricity demand saw a decline post the extended monsoon.In Q3FY26, the peak power demand stood at 241 GW in the month of Dec’25, which has improved over 224 GW of peak achieved in Dec’24 in last year’s Q3FY25. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q3FY26 Earnings Preview - Power & Ancillaries

<ul><li>Cumulative all-India electricity demand over Jul’25-Sep'25 stood at 449 BU as compared to 435 BU for the same period last year (3.3% increase YoY and 0.8% QoQ).</li><li>The peak demand was 230 GW for Q2FY26 in Aug’25 (vs. 231 GW during Q2FY25 in Sep’24), a 0.4% YoY decline.</li><li>The electricity demand saw a steady recovery despite an extended monsoon. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cumulative all-India electricity demand over Jul’25-Sep'25 stood at 449 BU as compared to 435 BU for the same period last year (3.3% increase YoY and 0.8% QoQ).The peak demand was 230 GW for Q2FY26 in Aug’25 (vs. 231 GW during Q2FY25 in Sep’24), a 0.4% YoY decline.The electricity demand saw a steady recovery despite an extended monsoon. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q2FY26 Earnings Preview - Power and Ancillaries

<ul><li>Cumulative all-India electricity demand over Apr’25-Jun'25 stood at 446 BU as compared to 452 BU for the same period last year.</li><li>The peak demand was 243 GW for Q1FY26 in Jun’25 (vs. 250 GW during Q1FY25 in May’24), a 3% YoY decline.</li><li>The weakness in electricity demand is led by the early onset of monsoon and less intense summer. y companies under our coverage, led by lower power generation and slower execution.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cumulative all-India electricity demand over Apr’25-Jun'25 stood at 446 BU as compared to 452 BU for the same period last year.The peak demand was 243 GW for Q1FY26 in Jun’25 (vs. 250 GW during Q1FY25 in May’24), a 3% YoY decline.The weakness in electricity demand is led by the early onset of monsoon and less intense summer. y companies under our coverage, led by lower power generation and slower execution.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q1FY26 Earnings Preview - Power & Ancillaries

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>Domestic investors (DIIs, retail, and HNIs) now hold 26.67% of non-promoter shares, narrowing the gap with FIIs, whose stakes have dropped to a 12-year low.</li>
<li>This shift signifies growing domestic confidence and a stabilizing market environment, reducing dependency on volatile FII flows amid global uncertainties.</li>
<li>Movement of the stock prices mostly dependent on FII moves rather than DII or Retail Investors. </li>
</ul>


Domestic investors (DIIs, retail, and HNIs) now hold 26.67% of non-promoter shares, narrowing the gap with FIIs, whose stakes have dropped to a 12-year low.
This shift signifies growing domestic confidence and a stabilizing market environment, reducing dependency on volatile FII flows amid global uncertainties.
Movement of the stock prices mostly dependent on FII moves rather than DII or Retail Investors. 


India

Genus Power Infrastructures Ltd. manufactures electronic meters and other power control equipment. The Company produces residential, industrial, substation, agricultural, grid and group meters, inverters, uninterruptible power supplies, and hybrid microcircuits; and designs and constructs substations, transmission and distribution lines, and electrification projects.

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Genus Power Infrastructures (GPIN IN)

Genus Power Infrastructures Ltd - Strong Q2; Tendering Progress Will Be the Key

Addressable Market: Against the RDSS’s Smart Meter Installation target of 25 Cr, ~15 Cr meters have been awarded, and 4.5 Cr are installed.

Axis Direct

Q3FY26 Earnings Preview - Power & Ancillaries

Cumulative all-India electricity demand in Q3FY26 stood at 393 BU, almost flat YoY and down 13% QoQ. The electricity demand saw a decline post the...

Axis Direct

Q2FY26 Earnings Preview - Power and Ancillaries

Cumulative all-India electricity demand over Jul’25-Sep'25 stood at 449 BU as compared to 435 BU for the same period last year (3.3% increase YoY...

Axis Direct

Q1FY26 Earnings Preview - Power & Ancillaries

Cumulative all-India electricity demand over Apr’25-Jun'25 stood at 446 BU as compared to 452 BU for the same period last year. The peak demand was...

Axis Direct

Who Is Moving Indian Markets?

Growing domestic investor confidence is reducing dependency on volatile FII flows, with DIIs now holding 26.67% of non-promoter shares.

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Genus Power Infrastructures Ltd - Strong Q2; Tendering Progress Will Be the Key

Addressable Market: Against the RDSS’s Smart Meter Installation target of 25 Cr, ~15 Cr meters have been awarded, and 4.5 Cr are installed.

Axis Direct

Q3FY26 Earnings Preview - Power & Ancillaries

Cumulative all-India electricity demand in Q3FY26 stood at 393 BU, almost flat YoY and down 13% QoQ. The electricity demand saw a decline post the...

Axis Direct

Q2FY26 Earnings Preview - Power and Ancillaries

Cumulative all-India electricity demand over Jul’25-Sep'25 stood at 449 BU as compared to 435 BU for the same period last year (3.3% increase YoY...

Axis Direct

Q1FY26 Earnings Preview - Power & Ancillaries

Cumulative all-India electricity demand over Apr’25-Jun'25 stood at 446 BU as compared to 452 BU for the same period last year. The peak demand was...

Axis Direct

Who Is Moving Indian Markets?

​Growing domestic investor confidence is reducing dependency on volatile FII flows, with DIIs now holding 26.67% of non-promoter shares.

Nimish Maheshwari

Growing domestic investor confidence is reducing dependency on volatile FII flows, with DIIs now holding 26.67% of non-promoter shares.