Gensol Engineering shares fell after promoters sold 2.37% equity to reinvest in the business. Following an 18-day, 70% drop, the company aims to enhance stability and growth. Promoters will reinvest sale proceeds in June. Plans for a stock split and fundraising will be considered on March 13.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of