{"id":110113,"date":"2023-09-15T13:01:15","date_gmt":"2023-09-15T07:31:15","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110113"},"modified":"2023-09-15T13:01:21","modified_gmt":"2023-09-15T07:31:21","slug":"small-cap-stock-in-green-after-company-announced-100-acquisition-of-scorpius-trackers-for-up-to-135-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-in-green-after-company-announced-100-acquisition-of-scorpius-trackers-for-up-to-135-cr\/","title":{"rendered":"Small cap stock in green after company announced 100% acquisition of Scorpius Trackers for \u20b9 135 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4179904153\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This small cap stock rallied in the market today after the company announced cash and share consideration of up to Rs. 135 crore to the existing shareholders for acquiring 100% stake in Scorpius Trackers Private Limited.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4156429824\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GENSOL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Gensol Engineering<\/a><\/strong> opened at Rs. 1860.90 per share and gained up to 2%\u00a0 to reach its intra- day high of Rs. 1884 levels. The stock grew by 5.87% in the last one month. In the last five years, the stock has given a consistent return of 36.15%.<\/p><p>On 14 Sep 2023, the company announced acquisition of 100% stake in Scorpius Trackers Private Limited for an amount of up to Rs. 135 crore. The aggregated amount will be paid to the existing shareholders in form of cash consideration and share consideration along with subsequent cash infusion directly into the company.<\/p><p>As per the filing, Gensol has planned to complete the acquisition in two tranche including Rs. 60 crore is to be paid as share consideration which has been completed on 13 Sep 2023 and Rs. 51.4 crore is to be paid as cash consideration within forty- five days from the date of completion of the first tranche. The company has also infused Rs. 23.95 crore directly into Scorpius.<\/p><div class=\"trade-content_5\" id=\"trade-2907624962\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It has a market capitalization of Rs. 2331.46 crore. Comparing its financial performance on a YoY basis, the company recorded a revenue of Rs. 151.7 crore in Q1FY24, up by 47% from Rs. 102.9 crore in Q1FY23. Its profit before tax stands at Rs. 14.5 crore in Q1FY24 which is an increase of 48% from Rs. 9.8 crore in Q1FY23.<\/p><p>Gensol Engineering Limited which comes under Gensol Group of Companies is involved in developing solar plants. The company has established technologies for manufacturing and development of three and four wheeler electric vehicles. It caters to various customer segments including passenger, fleet and cargo.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-871397257\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This small cap stock rallied in the market today after the company announced cash and share consideration of up to Rs. 135 crore to the existing shareholders for acquiring 100% stake in Scorpius Trackers Private Limited. Share price of Gensol Engineering opened at Rs. 1860.90 per share and gained up to 2%\u00a0 to reach its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10725,10727,10724,948,936],"class_list":["post-110113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-gensol-engineering-latest-news","tag-gensol-engineering-latest-orders","tag-gensol-engineering-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small cap stock in green after company announced 100% acquisition of Scorpius Trackers for \u20b9 135 Cr - 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