Rs 1 lakh invested in this renewable energy multi-bagger stock would have been Rs 7.5 lakh in just one year; do you own it?

If an investor had invested Rs 1 lakh in this stock a month ago, its Rs 1 lakh would have become Rs 1.20 lakh today!

If an investor had invested Rs 1 lakh in this stock a month ago, its Rs 1 lakh would have become Rs 1.20 lakh today! 

Meanwhile, on a YTD basis, it would have turned into Rs 3.35 lakh! Similarly, if an investor had invested Rs 1 lakh in this penny stock, a year ago, its Rs 1 lakh would have become Rs 7.5 lakh today.  

On how a new stock can give returns to its shareholders, the stock of Gensol Engineering is a glaring example of it. This stock became a Multi-bagger in one year, jumping from Rs 54.08 to Rs 400.10 per share levels in one year, delivering more than 639.83 per cent returns to its shareholders.  

The current market capitalisation of the multi-bagger stock is Rs 437.59 crore while its trade volume is around 26,000 in the last one month. The 52-week high of Gensol Engineering is Rs.448.95 on BSE while its 52-week low is Rs 45 apiece.   

The company has generated revenues from operations, totalling Rs 5,500 lakh in the quarter-to-date period through mid-May 2022, compared to Rs 8,700 lakh in the last quarter of the previous fiscal ending March 31, 2022, demonstrating that the momentum has powered its operations.  

For a company like Gensol, Prime Minister Narendra Modi's climate-related effort at the Davos Summit in Geneva is a huge potential. Over the following eight years, this would entail an investment of nearly USD 70 billion. Even if Gensol simply captures 1 per cent of the market over this time, it will generate a yearly income of over Rs 600 crore. All of this promises well for Gensol as a provider of complete solar engineering solutions.