YTD Return 150% Multibagger Stock Moves Into New Business Division

A small-cap firm engaged in the engineering design business with a focus on civil engineering operations and associated services is GI Engineering Solutions Ltd. After entering into the film production and distribution industry, GI Engineering Solutions' stock price spiked by 4% on Friday during morning sessions.

Unveiling the Don: The Untold story of D, a narrative delving deeply into the intriguing life of one of the most desired infamous crime lords in the world, has been unveiled as the company's newest mega project. With "D Untold Story," director Mr. Kunal Kohli, known for his romantic filmmaking endeavours, makes the risky transition into the crime genre.

Mr. Mohaan Nadaar, Managing Director of the Company commented on the occasion "We are very pleased to collaborate with Kunal again. We just did a film 'Bobby Rishi Ki Love Story' with him. The film has been shot beautifully and it's going to air on JioCinema. It's wonderful to continue our association by going into the next, much bigger project."

Mr. Kunal Kohli, Director for the proposed film said "I have known Mohaan Nadaar for many years, his growth as a producer has been rapid & impressive, I am happy to collaborate with him on a film that will Bring heart-pounding action, heart-warming moments, and a story that resonates, our film aims to capture the true potential of the Box Office."

The company just entered the industry and declared that its first project will be the production of the second installment of "Haseena Maan Jayegi." The corporate board had earlier this month also taken into account and approved up to 5,00,00,000 fully convertible warrants. The company aims to raise Rs 75 crore by offering these warrants, each of which allows the holder to subscribe for one equity share with a face value of Rs 10 at an issue price of Rs 15, to non-promoter and public category individuals on a preferential basis.

On Friday, the shares of GI Engineering Solutions opened on the BSE at Rs 11.95 apiece. The stock made a 52-week-high of Rs 38.28 on (19/05/2023) and a 52-week-low of Rs 4.34 on (29/08/2022), indicating that at the current market price, the stock is trading 68.78% below the 1 year high and 175.34% above the 1 year low. On a YTD basis, the stock price has risen from Rs 4.78 to the current market price logging in a multibagger return of 150% so far in 2023.