Gensol Engineering Share Price | Investors in the Indian stock market love stocks that offer quick multibagger returns. One such stock is Gensol Engineering. The shares of this company have multiplied the money of its investors. Gensol Engineering Company has a market cap of Rs 2,346 crore. In the last six months, the shares of this company have earned 110 percent profit to its investors.
The shares of Gensol Engineering Company were stuck in the upper circuit during the trading session on Friday. The reason behind this sudden rise in this stock is that Gensol Engineering Company Board of Directors meeting has been held on September 5, 2023. And in this meeting, the allotment of free bonus shares to the investors may be announced.
Shares of Gensol Engineering Company closed at Rs 1,920.00 with a gain of 5.00 percent on Friday September 2, 2023. The reason for the sudden upper circuit in the shares of this company is that the proposal of allotment of free bonus shares to the investors may be passed in the meeting of the board of directors of the company. Shares of Gensol Engineering Company closed at a price of Rs.1,828.60 in the Thursday trading session.
Shares of Gensol Engineering Company touched the upper circuit twice this week. In the last five trading sessions, the stock of Gensol Engineering Company has impressed its investors with a return of 12 percent. In the last one month, the stock of Gensol Engineering Company has given its investors a return of 15 percent.
The share price of this company has increased by 41.44 percent in the last six months. Six months ago, shares of Gensol Engineering Company were trading at Rs 900. Now this stock has reached the price of Rs.1920. Gensol Engineering Company’s prospects have strengthened by 90 percent in the year 2023. In December 2021, the shares of this company were trading at a price of Rs.59. Gensol Engineering Company stock has earned 3100 percent returns to its investors in less than two years.
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