Promoter – Anmol Singh Jaggi Bought 12,000 Shares & Rs 5,025 Crore Order Book: Multibagger Solar EPC & Electric Mobility Solutions Jumps Over 7 Per Cent
The stock gave multibagger returns of over 4,000 per cent in 3 years and has delivered good profit growth of 52.1 per cent CAGR over the last 5 years with PE of 57x and an ROE of 21 per cent.
Today, shares of Gensol Engineering Ltd jumped over 7 per cent to Rs 886.55 per share from its previous closing of Rs 825.75 per share. The stock’s 52-week high is Rs 1,377.10 per share while the stock is up by 39 per cent from its 52-week low of Rs 638.11 per share.
The guidance and trust of the promoters feed new energy in the company in line with that one of the promoters Mr Anmol Singh Jaggi has invested more in the company through the acquisition of 12,000 (twelve thousand) Equity shares of the company through an open market operation which increased the stake of him, by 0.0003 per cent in the company.
This company informed that previously Mr Anmol Singh Jaggi (Promoter and Managing Director) held 80,18,711 (eighty lakhs eighteen thousand seven hundred eleven) equity shares of the company which amounts to 21.17 per cent of the total shareholding of the company. Including the above purchase of 12,000 shares, he owns over Rs 700 crore worth of shares of Gensol Engineering Ltd.
Additionally, Gensol Engineering Limited has partnered with Matrix Gas & Renewables Ltd to establish India's inaugural Green Hydrogen Valley in Pune. This joint venture, Gensol-Matrix, will construct a Green Hydrogen production plant on a Build Own and Operate (BOO) basis to supply Green Hydrogen to the Specialty Chemical sector for the next 20 years. Both companies, under the guidance of common promoters, will leverage their respective expertise to explore opportunities in Green Steel and Green Ammonia. In a separate development, Gensol's Board of Directors has approved several strategic initiatives, including an increase in the QIP issue size to Rs 750 crore and an expansion of the company's authorized share capital to Rs 75 crore. These decisions, subject to shareholder and regulatory approval, underscore Gensol's commitment to growth and diversification in the renewable energy landscape.
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About Gensol Engineering Ltd
Established in 2012, Gensol Engineering Limited, part of the Gensol group, provides comprehensive engineering, procurement, and construction (EPC) services for solar power plants globally, with a proven track record of installing over 770 MW of solar capacity across ground-mounted and rooftop installations. Committed to sustainability, Gensol is revolutionizing the Indian EV industry by setting up a state-of-the-art manufacturing facility in Pune for electric three-wheelers and four-wheelers, capable of producing 30,000 vehicles annually. Additionally, they offer extensive EV leasing solutions for passenger, fleet, and cargo needs, having already leased over 3,000 EVs with plans to expand significantly. Headquartered in India, Gensol specializes in Solar EPC services, having built solar power plants exceeding 590 MWp globally, and is dedicated to advancing clean energy and electric mobility solutions.
The promoters of the company bought 53,945 shares and increased their stake to 62.77 per cent in June 2024 compared to 62.63 per cent in March 2024. The company has a market cap of over Rs 3,300 crore and as of June 2024, the company has an order book of Rs 5,025 crore. The shares of the company ex-traded bonus shares in the ratio 2:1 on October 17, 2023. The stock gave multibagger returns of over 4,000 per cent in 3 years and has delivered good profit growth of 52.1 per cent CAGR over the last 5 years with PE of 57x and an ROE of 21 per cent. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.