Gensol Engineering shares hit 5% upper circuit for 3rd day. Here’s why

May 15, 2025

Gensol Engineering shares hit the 5% upper circuit for the third straight session after the resignation of its MD and Whole-time Director, following SEBI’s interim order. IREDA filed an insolvency plea over a Rs 510 crore loan default. SEBI and ED probes allege fund diversion by the Jaggi brothers, with only partial delivery of EVs and massive stock erosion.

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