3400% return in 3 years: This renewable energy stock gains 2% as company's order book crosses Rs 5,400 crore

3400% instrumentality successful 3 years: Shares of Gensol Engineering gained implicit 2 per cent connected Wednesday arsenic the BSE Sensex climbed 338.1 points to 79,814.73 successful aboriginal trade. The NSE Nifty jumped 101.5 points to 24,314.80.

The antagonistic opened successful greenish astatine Rs 854 against the erstwhile adjacent of Rs 839.50 connected the BSE. The antagonistic gained furhter to interaction the precocious of Rs 859 - a rise of 2.15 per cent from the erstwhile close. 

The surge successful the antagonistic besides came arsenic the institution has informed exchanges that its star EPC bid publication is present worthy much than Rs 5,000 crore. This fig includes star projects from some Public Sector Undertakings (PSUs) and backstage clients. The projects request to beryllium executed wrong a timeline of 12 to 18 months.

The antagonistic has fixed implicit 3400 per cent instrumentality successful 3 years and 78 per cent successful 2 years. In 1 year, it has gained implicit 6 per cent. 

Gensol is simply a starring subordinate successful the renewable vigor assemblage specializing successful star powerfulness engineering, procurement, and operation (EPC) services.

Meanwhile, the BSE Sensex climbed 338.1 points to 79,814.73 successful aboriginal trade. The NSE Nifty jumped 101.5 points to 24,314.80.

From the 30-share Sensex pack, HCL Technologies, Sun Pharma, Infosys, Bajaj Finance, Bajaj Finserv, Maruti, NTPC, Tech Mahindra and Tata Consultancy Services were the biggest gainers. 

Titan, Tata Steel, Hindustan Unilever and JSW Steel were among the laggards.

In Asian markets, Tokyo and Shanghai traded higher portion Seoul and Hong Kong quoted lower. Wall Street ended sharply higher connected Tuesday.

Global lipid benchmark Brent crude declined 0.94 per cent to USD 74.82 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worthy Rs 2,569.41 crore connected Tuesday, portion Domestic Institutional Investors (DIIs) bought Rs 3,030.96 crore worthy of shares, according to speech data.