New Delhi, March 19 -- The decline in Gensol Engineering shares extended to the 16th straight session on Wednesday, March 19, as they were locked in the 5% lower circuit, reaching a new all-time low of Rs.224.90 apiece. This brought their cumulative fall to 61%, while from their recent peak of Rs.1,125, the shares are now down 80%, making them the biggest wealth destroyer of 2025 so far.

The sharp correction in the stock has wiped out Rs.1,200 crore of retail investors' wealth, who collectively owned a 35% stake in the company as of the December quarter, according to BSE shareholding data.

The company's market capitalisation has fallen to Rs.853 crore from Rs.4,275 crore at its 52-week high, marking a Rs.3,422 crore loss in just three w...