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Multibagger Stock: This company increased the capital of investors by 1500 percent in one year, why rocket became shares?

Highlights

The share price of Gensol Engineering has gained about 1,561.02 per cent in the last one year.
So far in the year 2022, the shares of Gensol Engineering have gained about 969.24 percent.
Gensol Engineering is working on a plan to make the country’s cheapest electronic car.

New Delhi. Gensol Engineering Limited, a company providing solar consulting and EPC services, has given multibagger returns to its investors in the last one year. Gensol Engineering has given investors an impressive return of 1909.15 per cent in the last three years since its listing in the stock market. At the same time, the share price of the company has increased by about 16 times in the last one year.

Established in Ahmedabad, Gensol Engineering is a part of the Gensol Group of companies. It provides EPC and Solar Consulting services. The company provides technical due diligence, engineering, quality control, construction supervision and other consultancy services for solar projects in countries other than India. Its total market cap is Rs 1,560 crore.

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Shares up 1561 percent in one year
Shares of Gensol Engineering are trading today at Rs 1269.80 on the National Stock Exchange. On the other hand, if we talk about a year ago, then the price of its shares was only Rs 76.70. In this way, the share price of Gensol Engineering has increased by about 1,561.02 percent in the last one year.

There was a bumper rise in the company’s shares this year
At the beginning of the year 2022, the share price of Gensol Engineering was Rs 119.15, which has now increased to Rs 1,274. This means that the shares of Gensol Engineering have gained about 969.24 per cent so far this year. Had an investor invested Rs 1 lakh in the shares of Gensol Engineering earlier this year, its value would have increased by 969.24 per cent to Rs 10.69 lakh today.

Company working on making the cheapest electric car
Gensol Engineering announced in August this year that it was working on a plan to make the country’s cheapest electronic car. If this plan of the company is successful, then electric cars will be available in the market in India at the price of Maruti’s WagonR. The company says that it is going to take over an American startup making an electric vehicle to take forward the electric car plan.

Tags: business news in hindi, Electronic Vehicles, Multibagger stock, stock market

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