Stock market news: 315 percent return in 1 year: check Gensol Engineering's price movement
Shares of Gensol Engineering Limited rose 2.61 percent to hit the day's high of Rs 1365.90. It is also 3.9% away from its 52-week high of Rs 1377.1.
Share market news: Equity benchmark indices Sensex and Nifty registered marginal gains in early trade on Wednesday as Asian markets witnessed mixed trends and investors waited for signals from the US Federal Reserve on the interest rate trajectory. The 30-share Sensex rose 60.05 points or 0.08 per cent to 73,117.45 points, while the broader Nifty rose 21.65 points or 0.1 per cent to 22,218.60 points. In the Sensex pack, 17 stocks were in the green, and among the Nifty stocks, 29 were trading with gains.
Amid this, shares of Gensol Engineering Limited rose 2.61 percent to hit the day's high of Rs 1365.90. It is also 3.9% away from its 52-week high of Rs 1377.1.
On technical parameters, Gensol Engineer stock is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
According to data available on the BSE, the stock has given a multi-bag return of 315 percent in one year. In two years, the counter shows a positive return of 1349 percent.
While JSW Steel rose over 2 percent, Mahindra & Mahindra, Tata Steel and Bharti Airtel rose over 1 percent in early deals.
Earlier, Asian markets witnessed mixed trends, with Hong Kong's Hang Seng and China's SSE Composite Index posting gains, while Japan's Nikkei 225 traded near flat.
European markets closed mixed on Tuesday. Sensex remained in the positive territory for the sixth straight session on Tuesday, rising 349.24 points to close at 73,057.40 points, while Nifty rose 74.70 points to end the day at 22,196.95 points.
Disclaimer: The article is for information purposes only and not for investment advice.