This small-cap company share hit 5% upper circuit after receiving an order worth Rs. 101.6 Cr on Tuesday. A strong and rising volume that is above average when compared to the prior day and week is assisting the stock price.
Gensol Engineering Ltd
The company has a market capitalization of Rs. 2,134 Cr., making it a small-cap. On Tuesday stock opened at Rs. 1,690, and at 01.12 p.m. stocks were trading 4.83%, up at Rs. 1,759 on NSE.
According to the company filing, the company in the normal course of business, madain two turnkey international Solar Engineering, Procurement and construction projects in Dubai with Dubai Government Workshop Warehouse and Dubai Police. Aggregating to a capacity of 14.08 MWp, these projects’ total order value of Rs. 101.6 Cr.
The company’s total consolidated revenue grew by 144% YoY from Rs. 162.28 Cr in FY22 to Rs. 397.35 Cr in FY24, for the same period net profits increased by 122% from Rs. 11.12 Cr to Rs. 24.79 Cr.
As per the latest shareholding information, Promoters hold 64.67%, Public hold 32.72%, FIIs hold 1.94% and DIIs hold 0.67% stake in this company.
A solar design and engineering firm is called Gensol Engineering Ltd. The company works on technical due diligence, intricate engineering, quality control, construction monitoring, and other consulting projects for solar projects in several nations, including India.
Written by Sheshadri N
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