Gensol Engineering Ltd Witnesses Fourth Consecutive Day of Soaring Stocks; Mukul Agrawal’s Portfolio Hits Circuit Twice

In an impressive streak, the stock of Mukul Agrawal, particularly Gensol Engineering Ltd, has been on the rise for the past week. The engineering stock has seen significant gains in four consecutive sessions this week, hitting the upper circuit on two occasions—Tuesday and Wednesday.

While Gensol Engineering’s stock had been in a base-building phase for an extended period, the past month has witnessed efforts to break out of this consolidation. Over the last month, the share price has climbed from around ₹787.45 to ₹846.15 on the NSE, marking a notable 7.50% increase.

However, the current week has been particularly fruitful for this engineering stock, experiencing a surge from ₹726.30 to ₹846.15 per share—a remarkable 17.50% rise within this short span.

Looking at the shareholding pattern for the July to September 2023 quarter, Mukul Agrawal is now listed among the individual shareholders of Gensol Engineering Ltd. Holding 2 lakh company shares, equivalent to 1.64% of the total paid-up capital, Agrawal’s strategic move is apparent. Notably, his name was absent from the list in the preceding April to June 2023 quarter.

This indicates that Agrawal either added this circuit stock to his portfolio during Q2FY24 or already held some shares, albeit below 1% in Q1FY24. Regardless, it is evident that Mukul Agrawal expressed confidence in this stock during the July to September 2023 quarter, making significant additions to his holdings.

Complying with stock market exchange rules, Gensol Engineering Ltd has disclosed the names of individual shareholders holding one percent or more shares in the company, shedding light on Agrawal’s bullish stance on the stock during this quarter.