Gensol Engineering, a company known for its profitability, is currently facing turbulent times. Over the past three days, its shares have plunged by 40%, raising concerns among investors. Despite this sharp decline, the company remains focused on its financial commitments, repaying ₹230 crore in the first nine months of the year and aiming for a credit rating upgrade in the next three months.

Stock Decline and Market Sentiment

The steep fall in Gensol Engineering’s stock price has caught the attention of investors and analysts. While the reasons for the decline are yet to be fully understood, CEO Anmol Singh Jaggi has reiterated the company’s commitment to financial stability and transparency. He also addressed allegations of document falsification, stating that there has been no wrongdoing from the company’s end.

Debt Servicing and Share Buyback Plans

Jaggi reassured stakeholders that Gensol is fully committed to servicing its debt and hopes for a credit rating upgrade soon. Additionally, he mentioned plans to buy shares worth ₹2 crore owned by him and his family, though he did not confirm a specific timeline. This move, if executed, could help restore investor confidence.

BluSmart’s Rapid Growth

Amid Gensol’s challenges, BluSmart, its EV mobility subsidiary, continues to thrive. With an 80% year-on-year growth rate and zero outstanding dues, BluSmart is emerging as a key player in India’s clean energy transportation sector. The company’s success could serve as a silver lining for Gensol amid current market volatility.

As of 6th March 12:08 PM share of Gensol Enginnering locked in 10% Lower Circuit;Shares Down 75% from All time high 

Disclaimer:

This article is for informational purposes only and does not constitute financial or investment advice. Stock market investments are subject to risks, and readers are advised to conduct their own research or consult a financial expert before making any decisions.