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Shares of small cap company Gensol Engineering have soared like a rocket. On Wednesday, the company’s shares rose over 9 percent to Rs. reached a high of 916.25. Shares of Gensol Engineering on Monday closed at Rs. closed at 835.20. From Maharashtra State Power Generation Company Limited (MAHAGENCO) Rs. The company’s stock has seen a sharp rise due to orders of more than 300 crores. Shares of Gensol Engineering touched a 52-week high of Rs. is 945.85. At the same time, the company’s shares hit a 52-week low of Rs 265.42.
The company received Rs. 301.54 crore orders have been received
Gensol Engineering received a grant from Maharashtra State Power Generation Company Limited of Rs. 301.54 crore order received. The company has received the order for engineering, provision, installation, testing and commissioning of 62 MWAC crystalline solar PV technology grid interactive solar PV power plant. The timeline of this project is 12 months.
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The company has recently given 2 bonus shares
Recently, Gensol Engineering has given bonus shares to investors in the ratio of 2:1. That is, the company has given 2 bonus shares for every 1 share. The record date of the bonus shares was 17 October 2023. So far this year, shares of Gensol Engineering are up 165%. On January 2, 2023, the shares of the company at the beginning of the year were Rs. were at 337.97. Share of Gensol Engineering on 25 October 2023 Rs. 916.25 has been reached. Shares of Gensol Engineering have gained 137% in the last 6 months.
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