As of today, March 10th 2025, Gensol Engineering Ltd. Continues to experience a significant downgrade in its share prices. Today, since the opening bell, Gensol’s stocks have dropped by approximately 2%. Analysts and market experts say that Gensol’s recent activities and ratings by ICRA and CARE are betraying the trust of investors.
ICRA and CARE stated that Gensol’s issues with loan repayments are the cause of their downward ratings. It was found that Gensol was offloading nearly 9 lakhs, saying they needed cash for business. The company claimed this was a strategy to maintain a strong balance sheet. Gensol’s board scheduled a meeting on March 13th to discuss stock split and fundraising through equity issuance. Today, Gensol’s shares opened to the market at Rs. 315.00 and are currently down compared to the opening bell rates.
Gensol’s Share Price in Today’s Market
At 11:30 a.m., Gensol’s share price is 311.05 a piece, nearly 1.25% lower than the opening rate. And 3.4% lower than its previous close, 321.9. According to the reports and estimates on Money Control, the current market capitalisation fell to Rs. 1,182 cores; the UC Limit is 337.95, and the LC Limit is 337.95.
Company Financials
Gensol Engineering Limited released its third-quarter financials on February 11th, 2025. The company recorded a revenue of Rs. 345.34 crore, a 30% increase from Rs. 266 crore in the same quarter of the previous fiscal year. The Profit After Tax was up by 6% compared to the last year. Rs. 18 crore compared to Rs. 17 crore. The company’s EBITDA reflected a 19% YoY growth.
Recent News About Gensol Engineering
- On January 6th, Gensol secured an EPC contract from a public sector undertaking to develop a 275 MW solar photovoltaic project at the RE Solar Park in Khavda, Gujarat.
- On January 15th, Gensol partnered with Refex Green Mobility Limited to transfer 2,997 electric four-wheelers.
- On February 25th, Gensol disclosed plans to divest its U.S.-based subsidiary, Scorpius Trackers Inc., for Rs. 350 crore.
Should You Buy, Sell, Or Hold?
Market experts are currently divided between selling and buying Gensol stocks. Before investing in the company, consider its long-term performance and consult your analyst to make the perfect move.
All the information given above is for informational purposes only. Investors are advised to consult with certified experts before taking any investment-related decision.
