2:1; 1:3 bonus shares twice: Over 8 per cent surge after back-to-back lower circuits: Heavy buying multibagger small-cap stock backed by Mukul Agrawal with Rs 1,000 crore order book!

The stock gave multibagger returns of 250 per cent in just 1 year and a whopping 4,677 per cent in 3 years.

Today, the stock market started the day lower with the BSE Sensex Index down 0.34 per cent and the NSE Nifty-50 Index down by 0.34 per cent. On the broader market, the indices were trading mixed with BSE Mid-Cap up 0.10 per cent while BSE Small-Cap Index is down by 0.35.  

A small-cap stock saw a surge of 8.15 per cent today, reaching an intraday high of Rs 1,074.55 per share. This comes after two days of consecutive lower circuits for the stock. Despite the lack of information regarding the reason for the previous fall, the stock price rose significantly today, with trading volume exceeding 6 times the usual amount.

The stock name is Gensol Engineering Ltd.  

Gensol Engineering Ltd is a company offering a variety of solar and electric vehicle-related services, including engineering, procurement, and construction (EPC) for solar projects, operation and maintenance of solar assets, manufacturing of electric vehicles, and leasing of electric cars and cargo. The shares of the company have traded ex-bonus twice in the ratios 2:1 and 1:3 with ex-dates as October 17, 2023, and October 11, 2021, respectively.

Gensol Electric Vehicles, a subsidiary of Gensol Engineering, has received official approval for its new electric car from India's automotive regulatory body. This marks a major step towards launching the car in India, which will be manufactured in a new plant with a capacity of 30,000 cars per year. The car boasts several modern features and is designed to be compact, efficient, and technologically advanced. Additionally, Gensol secured contracts for two solar power projects, further demonstrating their commitment to clean energy solutions.

In Q3FY24, the company's revenue surged 335 per cent to Rs 227 crore, driven by strong growth across all segments. This resulted in a significant improvement in profitability, as the company turned a net loss of Rs 2 crore in Q3FY23 into a net profit of Rs 12 crore in Q3 FY24, marking a per turnaround (734 per cent).

The company's performance for the first nine months of FY24 has been strong, with all key financial metrics showing significant growth compared to the same period in FY23. Revenue nearly tripled to Rs 584 crore, and PAT more than doubled to Rs 34 crore, demonstrating strong growth across all business segments and improved operational efficiency.

The company has a market cap of over Rs 3,700 crore and as of December 31, 2023, the company’s order book stands at over Rs 1,000 crore. As of December 2023, FIIs bought 4,84,721 shares and increased their stake to 2.94 per cent compared to 2.57 per cent in September 2023 while DIIs increased their stake to 0.84 per cent in December 2023 compared to 0.75 per cent in September 2023.

An ace investor, Mukul Agrawal owns 5,70,000 shares or 1.51 per cent stake in the company. The stock gave multibagger returns of 250 per cent in just 1 year and a whopping 4,677 per cent in 3 years. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.