Share Market News: 315 Percent Return in a Year: Monitor Gensol Engineering’s Share Price Movement
Share Market News: With Asian markets showing mixed patterns and investors waiting for signals from the US Federal Reserve on interest rate trajectory, the main equity indexes, Sensex and Nifty, managed to post minor gains in early trading on Wednesday.
The wider Nifty edged up 21.65 points, or 0.1 percent, to 22,218.60 points, while the 30-share Sensex increased 60.05 points, or 0.08 percent, to 73,117.45 points. Of the Nifty’s components, 29 were trading higher than the group of 17 firms in the Sensex.
In the midst of this, Gensol Engineering Limited’s shares increased by 2.61% to reach the day’s high of Rs 1365.90. Additionally, it has deviated 3.9% from the Rs 1377.1 52-week high.
Technically speaking, the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages are not being reached by the Gensol Engineer stock.
Data from the BSE indicates that the stock produced a multi-bagger return of 315 percent in a single year. The counter has produced a positive return of 1349 percent in the last two years.
In early trades, Mahindra & Mahindra, Tata Steel, and Bharti Airtel all saw increases of more than 1%, but JSW Steel saw an increase of more than 2%.
Asian markets had mixed results earlier. The Nikkei 225 in Japan was trading almost flat, while the Hang Seng in Hong Kong and the SSE Composite Index in China both saw increases.
European markets ended the week in mixed shape. On Tuesday, the Sensex surged 349.24 points to finish at 73,057.40 points, while the Nifty gained 74.70 points to complete the day at 22,196.95 points, keeping both indexes in positive territory for the sixth consecutive session.
