Gensol Engineering drops for 12th day
image for illustrative purpose
New Delhi: Shares of Gensol Engineering continued to face drubbing, tumbling 5 per cent on Friday, to hit fresh lower circuit limit, amid the ongoing crisis at the firm. The stock of the crisis-hit firm tanked 4.96 per cent to Rs 91.05 -- the lowest trading permissible limit for the day as well as a 52-week low level -- on the BSE. At the NSE, it dropped 5 per cent to Rs 90.16 -- the lower circuit as well as 52-week low. The stock has been tumbling for 12 trading days, including Friday. Shares of the firm have lost over 44 per cent in 12 days. From its 52-week high of Rs 1,125.75, the stock has tumbled 91.91 per cent. The Enforcement Directorate Thursday conducted searches against beleaguered Gensol Engineering Ltd and detained its co-promoter Puneet Singh Jaggi from a Delhi hotel, official sources said.
