Mukul Agrawal portfolio: Ace investor buys stake in solar energy stock Gensol Engineering. Experts give ‘buy’ tag

livemint.com:

Mukul Agarwal portfolio: Shares of Gensol Engineering Ltd have been in consolidation phase after trading ex-bonus on 17th October 2023. The energy stock traded ex-bonus for finalising eligible shareholders for issuance of 2:1 bonus shares. This means, two bonus shares were issued for evey one share held by eligible beneficiaries.

However, the stock is in news for attracting attention of ace investor Mukul Agarwal. As per the shareholding pattern of Gensol Engineering Ltd for July to September 2023 quarter, Mukul Agarwal's name has appeared in the list of individual shareholders. As per the shareholding pattern of Gensil Engineering Ltd for Q2FY24, Mukul Agarwal holds two lakh company shares, which is 1.64 per cent of total paid up capital of the company.

However, in shareholding pattern of the company for April to June 2023 quarter, Mukul Agarwal's name was missing. This means, the ace investor of the Indian stock market bought fresh shares of the company during July to September 2023 quarter. Also read: Multibagger FMCG stock hits life-time high.

Gives 450% return in five years However, it would be difficult to ascertain whether Mukul Agarwal bought all these two lakh company shares in one go or he bought these shares in caliberated manner. It is also possible that Mukul Agarwal held some company stocks earlier but that shareholding was below one per cent of total paid up capital of the company. As per the exchange rules, a listed company is bound to share names of individual shareholders if their shareholding is one per cent or more.