From engineering to film production: Keep an eye on this multibagger penny stock, which was locked in the upper circuit on August 23
The stock gave multibagger returns of 135 per cent in just 6 months and over 180 per cent in 1 year.
GI Engineering Solutions Limited has ventured into the business of film production, distribution and allied services, in addition to the existing businesses. Many renowned & established names are joining GI Engineering Solutions Limited as board members including Mohaan Nadaar and Ketki Pandit. Ms Smita Thackeray will join the company as the chairperson of the Advisory Board of the company for mentoring our team with her wide experience.
The company announced the signing of the 1st project under its new division, with well-known director and writer Farhad Samji for the eagerly anticipated sequel of the iconic film Haseena Maan Jayegi, titled Haseena Maan Jayegi 2. Box office hits of Farhad Samji include Housefull 4 (Rs 194.60 crore); Housefull 3 (Rs 194.67 crore); Entertainment (Rs 72.02 crore); Sooryavanshi (Rs 294.91 crore); Singham Returns (Rs 219 crore); and Baaghi 3 (Rs 137 crore).
MS Smita Thackeray, a renowned film producer and social activist, is producing the sequel to Haseena Maan Jayegi, which she also produced over two decades ago. The sequel promises to be a fresh and modern take on the original film and is sure to resonate with audiences of all generations.
GI Engineering Solutions Ltd is conventionally an engineering design company specializing in civil engineering activities and ancillary services. G.I. Engineering subsequently ventured into a wide range of civil engineering services including land planning, land surveying and landscape architectural services.
The company has a market cap of over Rs 100 crore with a 3-year stock price CAGR of 80 per cent. Additionally, the company reported excellent numbers in its Quarterly Results and annual results.
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Today, shares of GI Engineering Solutions Ltd were locked in a 5 per cent upper circuit to Rs 12.46 per share from its previous closing of Rs 11.87. In the recent trading sessions, the stock is hitting back-to-back upper circuits. The shares of the company saw a spurt in volume by more than 2.51 times on BSE.
The stock gave multibagger returns of 135 per cent in just 6 months and over 180 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.