New Delhi. Gensol Engineering has received an order of Rs 1340 crore from Gujarat’s government power company Gujarat Urja Vikas Nigam Limited. After the news of this order, the company’s shares remained on the upper circuit of 5 percent throughout the day on Wednesday. However, by the time the market closed, it fell slightly to 4.83 percent on the BSE. The company’s share closed at Rs 1066.40 on the BSE. It had reached Rs 1068 during the day’s trading.
This is a multibagger stock which has given a return of about 5800 percent to its investors in 3 years. Now after this order, once again a tremendous rise is expected in this stock in the short term. Let us tell you that market veteran Mukul Agarwal also has an investment in Gensol.
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What order did you receive
Gensol Engineering has received an order of Rs 1340 crore from a Gujarat government company for a 250 MW/500MWh battery energy storage project. The company says that this project will boost the availability of renewable energy and provide on-demand electricity to Gujarat distribution companies. This is the country’s first battery energy storage project of this scale. Anmol Singh Jaggi, MD of Gensol Engineering, has said that this project reflects Gensol’s confidence and expertise in the renewable energy sector.
Status of shares
Shares of Gensol Engineering have given a return of 235 percent to its investors in the last one year. At the same time, this stock has risen by 5825 percent in the last 3 years. Gensol had also issued bonus shares in the ratio of 2:1 last year.
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Tag: business news, Share Market
first published : June 13, 2024, 10:54 pm IST
