Gensol Engineering touches roof on getting nod to pick up majority stake in Gensol Electric Vehicles
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Gensol Engineering is locked its upper circuit limit at Rs. 1404.10, up by 66.85 points or 5.00% from its previous closing of Rs. 1337.25 on the BSE.
The scrip opened at Rs. 1360.05 and has touched a high and low of Rs. 1404.10 and Rs. 1350.05 respectively. So far 88844 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1435.00 on 18-Aug-2022 and a 52 week low of Rs. 50.78 on 20-Aug-2021.
Last one week high and low of the scrip stood at Rs. 1435.00 and Rs. 1301.95 respectively. The current market cap of the company is Rs. 1514.49 crore.
The promoters holding in the company stood at 71.34% and Non-Institutions held 28.66%.
Gensol Engineering has received approval to acquire majority stake in Gensol Electric Vehicles which would further acquire technical and business know-how, patents, trademark and brand name related to electric vehicles from US based company. The board of director of the company at their meeting held on August 19, 2022 has approved the same.
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.
