Mumbai, March 13 -- Shares of Gensol Engineering lost 54.85% in thirteen consecutive trading sessions from its recent closing high of Rs 579.60 on 21 February 2025.

The counter came into the limelight after the rating agency downgraded the company's long-term bank facilities of Rs 639.70 crore from CARE BB+ (Stable) to CARE D and its long-term/short-term bank facilities of Rs 76.30 crore from CARE BB+ (Stable) / CARE A4+ to CARE D / CARE D. This downgrade reflects a significant increase in the perceived risk of default on the company's debt obligations.

The stock hit a 52-week low of Rs 261.70 today. The stock hit a 52-week high of Rs 1,125.75 on 26 June 2024. The counter lost 76.75% from its 52-week high of Rs 1,125.75 on 26 June 2024....