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Gensol Share Update: For the fourth straight trading session, shares of Gensol Engineering, a provider of solar power solutions, locked in the upper circuit of 5% at Rs 66.29, continuing their recovery rally. The rebound comes after a steep fall of over 95% from its 52-week high of Rs 1125.75 recorded on June 24, 2024, to a low of Rs 53.95 on May 12, 2025.

Stock Falls Over 90% This Year

Despite the recent surge, the stock has lost over 91% of its value so far this year and is down around 47% in the past month. Nonetheless, the stock has increased by more than 21% in the last five trading sessions alone, indicating a resurgence of investor interest in the wake of significant company developments. Gensol share hit multile lower circuits past months and earlier this month after SEBI found irregularities in managing fund by promoters. 

Also Read: Agri, Pharma, Electronics, Engineering Account For Over 50% Of India's Exports In FY25: Govt Data

Stock Rallied After Promoters Resignations

The recent upward trend comes after promoter Anmol Singh Jaggi and full-time director Puneet Singh Jaggi resigned after SEBI recently issued an interim order prohibiting them from accessing the securities market.

IREDA Files Insolvency

The Indian Renewable Energy Development Agency (IREDA) filed an insolvency petition against Gensol Engineering, claiming a Rs 510 crore default. As a result, the company will have a crucial hearing before the National Company Law Tribunal (NCLT) on June 3. Gensol has received a notice from the tribunal requesting a response to the petition.

Due to high volatility and continuous regulatory scrutiny, investors are closely monitoring Gensol Engineering's stock as they await the upcoming NCLT hearing.

Disclaimer: This story has been published for information purposes only. Jagran does not advise investing, you should take expert advise before investing. 

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