{"id":142819,"date":"2025-01-16T15:36:06","date_gmt":"2025-01-16T10:06:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=142819"},"modified":"2025-01-16T15:36:09","modified_gmt":"2025-01-16T10:06:09","slug":"stock-jumps-6-after-transferring-2997-evs-from-its-fleet-to-refex-green-mobility","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-6-after-transferring-2997-evs-from-its-fleet-to-refex-green-mobility\/","title":{"rendered":"Stock jumps 6% after transferring 2,997 EVs from its fleet to Refex Green Mobility"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3110441902\"><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>The shares of one of the leading Infrastructure stocks, specialising in providing engineering, procurement, and construction (EPC) services to renewable energy and the solar power sector, jumped up to 6 percent&nbsp; following Strategic Partnership with Refex Green Mobility Limited for the transfer of&nbsp; electric four-wheelers (e4Ws).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1737837241\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 2,773.04 crores on Thursday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/GENSOL\" target=\"_blank\" rel=\"noreferrer noopener\">Gensol Engineering Limited<\/a><\/strong> is trading at Rs. 763.10 up by 6 percent making a high of Rs. 783.65 per share compared to its previous closing price of Rs. 729.05\u00a0 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>Gensol Engineering Limited specialising in providing engineering, procurement, and construction (EPC) services to renewable energy and the solar power sector&nbsp; has entered into a landmark strategic tie-up with Refex Green Mobility Limited (Refex eVeelz) to transfer 2,997 electric four-wheelers (e4Ws).<\/p><p>As part of the agreement, Refex eVeelz will also take on a loan of approximately Rs. 315 Crore, streamlining operations, and enhancing the deployment of e4Ws across key markets This deal will help Refex eVeelz expand its electric vehicle operations in cities like Chennai, Bengaluru, Hyderabad, Mumbai, and Pune.<\/p><div class=\"trade-content_5\" id=\"trade-3590580041\"><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>Refex eVeelz plans to lease these vehicles to Blu-Smart Mobility Limited for use in Delhi NCR and Bengaluru, driving further growth in the electric mobility sector. Gensol views this partnership as a way to reduce its debt while contributing to India\u2019s green transportation goals.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Gensol Engineering at glance<\/strong><\/h2><p>Gensol Engineering has a strong foundation in technical advisory services and has grown significantly over the years.&nbsp; The company currently boasts over 33,693 MW+ in its portfolio.&nbsp; In the trailing twelve months (TTM), it has reported a total revenue of Rs. 1,477 Crore and has an unexecuted order pipeline worth Rs. 3,400 Crore.&nbsp;<\/p><p>The company also has contracts worth over Rs. 2,000 Crore under award and a total renewable revenue visibility exceeding Rs. 8,300 Crore.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 68.9 percent from Rs&nbsp; 205.31 crore to Rs 346.82 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 11.53 crores to Rs 29.38 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-content-10\" id=\"trade-3143890466\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-2700311164\"><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>The shares of one of the leading Infrastructure stocks, specialising in providing engineering, procurement, and construction (EPC) services to renewable energy and the solar power sector, jumped up to 6 percent&nbsp; following Strategic Partnership with Refex Green Mobility Limited for the transfer of&nbsp; electric four-wheelers (e4Ws). Price action With a market capitalization of Rs. 2,773.04 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118830,"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":[22726,10725,6309,15456,26345,948,936,3157],"class_list":["post-142819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-gensol-engineering","tag-gensol-engineering-latest-news","tag-gensol-engineering-limited-latest-news","tag-green-energy-stock","tag-green-energy-stock-partnership","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"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 6% after transferring 2,997 EVs from its fleet to Refex Green Mobility - 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