Mukul Agrawal Picks Up Stake In This Small Cap Stock That Has Surged 75% In 4 Months

Gensol Engineering’s share price was surging at the bourses on Wednesday and even went on to hit a new 52-week high of ₹2423.50.

As per the latest shareholding data, ace investor Mukul Agrawal picked up a fresh stake in the company during the September quarter. Agrawal bought 2 lakh shares of the company. He now holds a 1.64% stake in the company that is worth around ₹48 crore.

See Also: Why Bank Of Baroda Shares Are Nosediving Today

Shares of the company have been upbeat ever since it announced the record date for its bonus issue last week. The company had earlier declared a 2:1 bonus issue, the record date for the issue is Oct. 17. Since the announcement the stock has climbed up around 20%.

With a market cap of around ₹3,000 crore, the small-cap company is involved in the execution and operation services for solar projects in India and abroad.

Price Action: Gensol’s share price was up 7.07% to trade at ₹2,359 in early trade on Wednesday.

Read Next: Why Tata Chemicals Share Price Is Climbing Today

Market News and Data brought to you by Benzinga APIs

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesMarketsMoversTrading IdeasGensol EngineeringMukul Agrawal