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.

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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.

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