Gensol Engineering: A Rollercoaster Week of Financial Drama and Strategic Moves
Gensol Engineering: A Rollercoaster Week of Financial Drama and Strategic Moves Posted on March 06, 2025, This week, Gensol Engineering, a prominent player in India’s renewable energy sector, has found itself at the center of a financial storm that’s sent shockwaves through the market. From plummeting stock prices to credit rating downgrades and allegations of falsified documents, the company is navigating choppy waters. Yet, amid the chaos, there are signs of a strategic fightback. Here’s the latest on Gensol Engineering—what’s happened, why it matters, and what might come next. Stock Crash and Rating Downgrades: The Bad News If you’ve been tracking the markets, you couldn’t miss the headlines: Gensol Engineering’s shares have taken a brutal hit. On Tuesday, March 4, the stock crashed 20% to a 52-week low of ₹413.95 on the BSE, locking in at the lower circuit after CARE Ratings downgraded the company’s bank facilities to “CARE D”—the dreaded default rating. The reason? Ong...