Gensol Engineering shares fell for the 16th straight session to a new low of ₹224.90, marking a 61% drop and 80% decline from their peak. Retail investors lost ₹1,200 crore. Issues like loan repayment delays, document falsification allegations, and the CFO’s resignation impacted sentiment. The company aims to raise ₹600 crore via bonds and asset sales, but credit downgrades may impede recovery.
Source: FlipItMoney
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