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The shares of Gensol Engineering, a company connected with the solar industry, have seen a sharp rise. In the last 2 years, the shares of the company have increased from Rs 19 to Rs 750. Shares of Gensol Engineering have returned more than 3900 percent during this period. Veteran investor Mukul Agarwal has also placed a big bet on Gensol Engineering shares. Mukul Aggarwal bought 200000 shares of Gensol Engineering.
1 lakh rupees turned into 40 lakh rupees in just 2 years
On December 22, 2021, the share of Gensol Engineering was Rs. was at 19.67. Shares of the solar company have touched Rs 795.80 on 17 November 2023. The company’s stock has returned 3945% in the last 2 years. If a person buys shares of Gensol Engineering on December 22, 2021 for Rs. 1 lakh and has retained his investment, the current value of this share is Rs. 40.45 lakh would have been.
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Mukul Aggarwal holds 1.64% stake in the company
According to Gensol Engineering’s September 2023 quarter shareholding data, veteran investor Mukul Aggarwal owns 200000 shares or 1.64% of the company. Mukul Aggarwal’s name was not in the list of investors in the June 2023 quarter. This means that veteran investor Mukul Aggarwal has bet on Gensol Engineering during the September quarter itself. The solar company has recently given bonus shares to its investors in the ratio of 2:1. That is, the company has given 2 bonus shares for every share.
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