Multibagger stock Gensol Engineering to issue bonus shares after 3100% rally in two years

livemint.com:

Bonus shares 2023: Gensol Engineering shares are one of the multibagger stocks that Indian stock market has produced in recent years. The small-cap stock with a market cap of ₹2,346 crore has doubled shareholders' money in last six month as it has delivered to the tune of 110 per cent return to its shareholders. However, there is one more piece of stock market news for shareholders of this stock.

The company has informed Indian stock market exchanges that it is going to issue proposal for bonus shares in its upcoming board meeting scheduled on 5th September 2023. The multibagger stock informed about the bonus shares proposal citing, "Pursuant to regulation 29 of the SEBI (LODR) Regulation, 2015, notice is hereby given that a meeting of Board of Director of the Company will be held on Tuesday, September 05, 2023, inter-alia to issue bonus shares." After the outbreak of this stock market news, bulls came forward and bought the small-cap multibagger stock heavily leading to no seller for the multibagger stock. However, the stock is already under the radar of Dalal Street bulls as the small-cap stock has hit upper circuit on two more sessions in this week.

This circuit to circuit stock has been hitting upper circuit for the last two straight sessions whereas it hit upper circuit on Tuesday as well. In last six months, this small-cap stock has risen from around ₹905 to ₹1923 apiece levels, giving around 110 per cent return to its positional shareholders. In YTD time, this multibagger stock has given 90 per cent return.