Generic Engineer: BoD approved issue of equity & warrants on preferential basis aggregating to INR 40 Crore at INR 32.4 per unit (share price INR 54.4). MCap INR 230 Cr, TTM PE 15.3x. TTM Sale all time high but last 3 quarters sales have shrunk.
#Stockmarket#GenericEngineering
Added a small position in #GenericEngineering after seeing a volume explosion in the past two days. The stock has already risen 40% in this time frame, so it is worth keeping an eye on.