Gensol Engineering shares plunge 50% in 12 days; rating downgrades weigh

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Gensol Engineering shares plunge 50% in 12 days; rating downgrades weigh - Business Standard

Quick Summary:

The stock price of Gensol Engineering has corrected 65 per cent from its previous month high of Rs 776.20, touched on February 1, 2025.

A leader in renewable energy and electric mobility solutions, the company said its promoters have undertaken a purposeful initiative to further fortify the company's financial foundation and ensure sustained growth.

Gensol Engineering (Gensol) share price was locked in the lower circuit for the third straight day, down 5 per cent at Rs 275.45 per share, on the BSE in Wednesday's intraday trade with only sellers seen on the counter.