Small Cap Stock Hits 5% Upper Circuit, Board To Consider Bonus Share On Sept 05

Small cap Consulting services company Gensol Engineering Ltd shares on Thursday hit 5% upper circuit as the company's board to consider bonus share issue next month on Tuesday, Sept 05, 2023.

According to the regulatory filing, "a meeting of Board of Director of the Company will be held on Tuesday, September 05, 2023, inter-alia;"

(i) To issue bonus shares.

(ii) To consider and approve the Board's Report for the financial year 2022-23

(iii) To appoint M/s. R J & Associates as Cost Auditor for the purpose of cost audit for financial year 2023 - 2024

(iv) To consider and approve the notice of 11th Annual General Meeting

(v) Any other matter with the permission of chair

Shares of Gensol Engineering closed at Rs 1831.60 per share after hitting 5% upper circuit. The stock surged 5.25% in 1 week, and 10.305 in 1 month.

It gave 102.52% multibagger return in 6 months. It declined 2.65% in 1 year. In 2 and 3 years, it gave multibagger returns of 2513.21% and 2952.67%, respectively.

Stock's 52-week high is Rs 1,990 per share and 52-week low is Rs 797.05 per share on BSE. The company has a market cap of Rs 2,238.02 Crore.