SME stock to migrate to NSE on Monday after over 2,000% rally in 4 years https://ift.tt/mpP8e2A Engineering, known for its multibagger returns, will move from the BSE SME platform to the main board of the National Stock Exchange (NSE) on July 3. The company received approval after submitting its listing application and equity listing agreement. Gensol Engineering's shares have seen remarkable growth, increasing over 2,000% since its listing and doubling investors' wealth in one year. The company focuses on engineering solutions for solar power projects, with a portfolio of over 590 MWp. In the financial year ending March 2023, Gensol Engineering reported revenue of Rs 186 crore and a profit of Rs 13.55 crore.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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