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.

On the BSE, 2.44 lakh shares were traded in the counter so far compared with average daily volumes of 1.32 lakh shares in the past two weeks.

The stock hit a 52-week low of Rs 261.70 to...