India's Gensol Engineering rises after contract win

Gensol Engineering

06/01/2025 06:20

** Shares of Gensol Engineering Ltd  GENO.NS  rise as much
as 6.1% to 796.40 rupees 
    ** Engineering co secures contract from a public sector
undertaking for development of 275MW solar photovoltaic project
at RE Solar Park, Gujarat, with a total bid value of 10.62 bln
rupees ($123.7 mln)
    ** Stock on track to snap 2 days of losses
    ** More than 403,000 shares traded as of 11:46 a.m. IST, 3x
their 30-day moving avg; busiest day in over a week
    ** GENO fell 10.3% in 2024

($1 = 85.8250 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))