Multibagger stock: Over 1500% return in 2 years! Should you invest in Gensol Engineering?

Gensol Engineering:
Multibagger return

Shares of Gensol Engineering have delivered over 280% return in the last 1 year and 1,648% in the last two years

Gensol Engineering:
Current share price

Shares of Gensol Engineering ended 2.6% higher at Rs 956.35 on BSE on February 17, 2023. Market cap of the firm rose to Rs 1,168.56 crore

Gensol Engineering:
D-Street performance

Shares of Gensol Engineering hit a 52-week high of Rs 1,990 on September 2, 2022, and a 52-week low of Rs 210.90 on March 2, 2022

Gensol Engineering:
About the company

Incorporated in 2012, Gensol Engineering Limited is a part of the Gensol group of companies, which offer EPC and solar advisory services

Gensol Engineering:
Products offering

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

Gensol Engineering:
EPC Business

Under the EPC business, the company manages turnkey engineering, construction, and procurement contracts. It provides consulting services to Kenya, Ukraine, Oman, Gabon, Sierra Leone, Nepal, Afghanistan, Indonesia, Philippines, and Chad

Gensol Engineering: Order win

Gensol Engineering bagged orders for the development of solar power projects aggregating to a capacity of over 247 MWp in the states of Andhra Pradesh, Haryana, Gujarat, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal

Gensol Engineering: Order worth crores

In November 2022, the company won the bid for the development of 30 MWac (and a minimum of 40 MWdc) floating solar projects by bidding Rs 232.49 crore

Disclaimer

The stocks mentioned in the story are for information purposes only. Investors or market participants should consult their financial advisors before taking any position

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