New Delhi: The Indian stock market has had a disappointing calendar year 2022 amid persistent selling by foreign investors, Russia-Ukraine war, sharp rise in commodity prices and tough policy by global central banks. Still, domestic markets remain weak amid fears of recession, despite some stocks giving huge returns to their investors. Consulting Services Company Gensol Engineering is one such stock which is continuously running with momentum. It was up 5% on Friday as well and closed at Rs 870.80 on BSE.
Strong returns in seven months
Gensol Engineering has given 534% return in the year 2022. The stock was at ₹119.15 on January 3 and reached an all-time high of ₹870.80 on July 22. That is, this year, those who invested money in it got a profit of Rs 7.31 lakh in seven months. In contrast, the BSE benchmark Sensex has registered a decline of 7.5% this year. Let us tell you that this stock remained in the upper circuit last week.
Nearly 1,490.50% return in one year
The share price of Gensol Engineering is currently up 1,380% from its 52-week low of ₹50.78 on August 18, 2021. The microcap stock has gained 23.47% in the last five sessions and 50.22% in one month. The stock has gained nearly 1,490.50% in the past one year. At the same time, this stock has gained 645.23% in the last six months.