Gensol Engineering is locked its upper circuit limit at Rs. 259.45, up by 12.35 points or 5.00% from its previous closing of Rs. 247.10 on the BSE.
The scrip opened at Rs. 247.10 and has touched a high and low of Rs. 259.45 and Rs. 240.00 respectively. So far 34048 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 259.45 on 18-Feb-2022 and a 52 week low of Rs. 45.00 on 22-Jun-2021.
Last one week high and low of the scrip stood at Rs. 259.45 and Rs. 213.45 respectively. The current market cap of the company is Rs. 269.05 crore.
The promoters holding in the company stood at 71.03%, while Non-Institutions held 28.97%.
Gensol Engineering has received purchase orders from reputed clients for the development of solar power projects aggregating to a capacity of around 24 MWp in the states of Punjab and Madhya Pradesh. The cumulative order value of these projects is pegged at over Rs 70 crore exclusive of taxes.
Out of the total ordered capacity, 17 MWp will be installed over metal-based roofs of the factories of the clients, while around 7 MWp will be raised over ground within the premises of the clients.
Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.
