{"id":110897,"date":"2023-09-28T14:10:32","date_gmt":"2023-09-28T08:40:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110897"},"modified":"2023-09-29T12:07:47","modified_gmt":"2023-09-29T06:37:47","slug":"stock-jumps-up-to-5-after-receiving-an-order-from-tata-group-for-500-evs-do-you-hold-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-5-after-receiving-an-order-from-tata-group-for-500-evs-do-you-hold-it\/","title":{"rendered":"Stock jumps up to 5% after receiving an order from Tata group for 500 Evs.\u00a0Do you hold it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1429253666\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Thursday, 28th september shares of an engineering company gained 4.6 percent after the company announced that they received an order from tata group for manufacturing 500 Tata ace cargo Evs.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2807587714\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GENSOL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Gensol engineering<\/a><\/strong> were trading at Rs. 2078 per share at 12:25 pm 28th september up by 4.6 percent from previous closing price. The company has a market capitalisation of 2514 crore.&nbsp;<\/p><p>Such bullish stock price movements are observed after the company, through a regulatory filing with the Bombay stock exchange (BSE), informed that the company\u2019s subsidiary Gensol EV Ltd has bagged orders for leasing more than 500 Tata ace cargo Evs. <\/p><p>The order is valued at Rs. 75 crore. Moreover, Company is also working with Public sector units (PSUs) for last mile delivery and employee transportation business with a leasing requirement of 100+ electric vehicles.<\/p><div class=\"trade-content_5\" id=\"trade-403133139\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Having a walkthrough at financial reports, the company&#8217;s revenue has decreased by 9 percent compared to the previous quarter, from 166 crore in Q4FY23 to 151 crore in Q1FY24. On the other hand net profit has increased by 36 percent from 7.31 crore in Q4FY23 to 10 crore in Q1FY24.&nbsp;<\/p><p>Looking at the financial ratios, Company reported return of equity (ROE) of 19.38 percent and return on capital employed (ROCE) of 11.95 percent in the last financial year.&nbsp;<\/p><p>Gensol Engineering Ltd is engaged in the business of solar consulting, they provide detailed engineering, quality control, construction supervision and other consultancy services for solar projects across various countries. They also have a subsidiary Gensol EV which is engaged in the EV manufacturing business.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vinit Israni&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2992646572\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Thursday, 28th september shares of an engineering company gained 4.6 percent after the company announced that they received an order from tata group for manufacturing 500 Tata ace cargo Evs.&nbsp; Shares of Gensol engineering were trading at Rs. 2078 per share at 12:25 pm 28th september up by 4.6 percent from previous closing price. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":33262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10725,10724,12598,948,936,10726],"class_list":["post-110897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-gensol-engineering-latest-news","tag-gensol-engineering-share-price","tag-on-thursday","tag-stock-market","tag-stock-market-news","tag-why-is-gensol-engineering-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps up to 5% after receiving an order from Tata group for 500 Evs.\u00a0Do you hold it? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Thursday, 28th september shares of an engineering company gained 4.6 percent after the company announced that they received an order from tata group for manufacturing 500 Tata ace cargo Evs.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-5-after-receiving-an-order-from-tata-group-for-500-evs-do-you-hold-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps up to 5% after receiving an order from Tata group for 500 Evs.\u00a0Do you hold it?\" \/>\n<meta property=\"og:description\" content=\"On Thursday, 28th september shares of an engineering company gained 4.6 percent after the company announced that they received an order from tata group for manufacturing 500 Tata ace cargo Evs.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-5-after-receiving-an-order-from-tata-group-for-500-evs-do-you-hold-it\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-28T08:40:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-29T06:37:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/tata-motors-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-5-after-receiving-an-order-from-tata-group-for-500-evs-do-you-hold-it\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-5-after-receiving-an-order-from-tata-group-for-500-evs-do-you-hold-it\/\",\"name\":\"Stock jumps up to 5% after receiving an order from Tata group for 500 Evs.\u00a0Do you hold it? 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