The Gensol Engineering inventory gained 5 % in opening commerce on January 9 after the corporate executed a Memorandum of Understanding (MoU) with the Gujarat Authorities for Electrical Car Manufacturing.
At 9:36 am, Gensol Engineering was quoting at Rs 842.00, up Rs 38.40, or 4.78 %, on the BSE.
“……… has executed Memorandum of Understanding with the State Authorities of Gujarat for an funding of Rs 2,000 crore for Electrical Car Manufacturing. It’s going to generate round 1,500 jobs within the area,” the corporate mentioned.
The Memorandum of Understanding has been signed with the State Authorities of Gujarat for an funding of Rs 2,000 crore for Electrical Car Manufacturing.
“We lengthen our honest gratitude to the Authorities of Gujarat for his or her invaluable collaboration and assist. Our profound thanks for fostering an atmosphere that aligns with our imaginative and prescient for revolutionizing the ever-growing EV panorama. The Rs 2,000 Crore funding stands as a testomony to our confidence within the state’s dedication to sustainable progress and inexperienced manufacturing. We sit up for a mutually useful partnership that propels Gujarat to new heights within the EV revolution,” mentioned Anmol Singh Jaggi, Co-founder, Gensol Group.
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The share touched a 52-week excessive of Rs 945.85 and a 52-week low of Rs 265.68 on October 18, 2023, and March 14, 2023, respectively.
At the moment, the inventory is buying and selling 10.98 % under its 52-week excessive and 216.92 % above its 52-week low.
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