Multibagger stock locked in upper circuit on bagging Rs 153 cr deals; scrip up over 3000% in one year | Details

Gensol Engineering share price: Shares of multibagger stock Gensol Engineering were locked in five per cent upper circuit after the company bagged orders worth Rs 153.16 crore for building solar power projects in six states. The stock was trading at Rs 1706.65, higher by Rs 81.25, per share on the BSE.  

"Gensol Engineering Limited has received orders for building solar power projects of 55.8 MWp cumulative capacity," read a regulatory filing by the company.  

Gensol Engineering is a multibagger stock, which has given over 3000% return in the past one year. As per technical data of the stock, the counter rose more than 95% in the past one month, 415% in the last three months and yielded a return of 630% in the past six months.  

Earlier, the company said, it has received purchase orders from clients for the development of solar power projects aggregating to a capacity of around 58.8 MW in Jammu & Kashmir, Gujarat, Punjab, Rajasthan, Tamil Nadu and Telangana.  

Out of the total seven projects, four clients have repeated their orders with Gensol, the other three will be raised over the rooftops of the factories of the clients. 

Incorporated in 2012, Gensol Engineering is a part of Gensol group of companies, which offer EPC and solar advisory services. 

The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India