Gensol Engineering stock remains unfazed by weak market sentiments; over 750% jump from Rs 68 to Rs 600 apiece

Despite volatile and largely weak trend in Indian markets, Gensol Engineering has jumped over 750 per cent in the last six months and has been trading from Rs 68 to Rs 600 per share levels on the BSE. In comparison, the Sensex slipped over 8.5 per cent during the same period. 

The share price of the company has spurted over 970 per cent in the last one month as compared to 0.44 per cent gain in the S&P BSE Sensex during the same period. In Year-to-date (YTD) performance, the counter climbed by 386 per cent against over 10 per cent decline in the benchmark index.  

Moreover, this multi-bagger stock has soared by over 33 per cent in the past five sessions versus Sensex's jump of around 2 per cent during the same period. 

Overall, it has consistently outperformed the benchmark over the past year and has managed to become a multibagger stock of the current year so far. 

On the BSE, the stock hit its new all-time high on Tuesday at Rs 600 apiece and a 52-week low of Rs 50.78 apiece on August 18, 2021, respectively. It jumped 1041 per cent high from its 52-week low. 

The small-cap stock Gensol Engineering has a market cap of over Rs 641 crore as of June 28, 2022. The company is one of the solar experts with over 28,000 MW of combined expertise, present in 18 Indian states and has offices in Ahmedabad and Mumbai.  

As per BSE, the promoter shareholding is at 71.17 per cent, the highest level since 2019. The firm’s net income from operations and profit for the financial year 2021-22 increased by 155 and 253 per cent year-on-year to Rs 153.51 crore and Rs 11 crore, respectively.  

In comparison, the company in FY21 had earned Rs 60.11 crore and Rs 3.12 crore as net income from operations and profit, respectively. 

Incorporated in 2021, the Ahmedabad-based company provides integrated engineering and O&M services across the solar value chain in India and abroad. It has an elite clientele list such as ReNew Power, Adani Group, Greenko, Tata Power, BPCL, Soft Bank Energy, Shapoorji, SBI, Edelweiss, among others.