Shares of Gensol Engineering hit the 20 percent lower circuit on March 4, plunging to their lowest level in 20 months after CARE Ratings downgraded the company to 'default' from 'BB+' due to ongoing delays in servicing its term loan obligations.
The stock fell to an intraday low of Rs 413.3 per share on the NSE, marking the lower end of its permissible trading range for the day.
This sharp decline follows concerns over the company’s financial health, with major lenders including Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), Bandhan Bank, ICICI Bank, and HDFC Bank.
Gensol Engineering had touched an all-time high of Rs 2,527.05 per share on the NSE on October 12, 2023. From that peak to its intraday low on March 4, 2025, the stock has tumbled 83.65 percent, eroding significant investor wealth.
The sell-off has intensified in recent weeks, with the stock losing 42 percent in the last one month alone. On a year-to-date basis, it has declined 46.44 percent, reflecting weak investor sentiment amid financial uncertainties surrounding the company.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
