Stock Market Today, April 16 -- Gensol Engineering share price hit the 5% lower circuit in the morning trade on Wednesday, April 16, as the stock market regulator Securities and Exchange Board of India (SEBI) took strict action against the promoters and put the proposed 1:10 stock split plan on hold.

In a case involving fund diversion and governance violations, capital markets regulator SEBI on Tuesday announced prohibiting Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from trading in the securities markets until further orders.

Additionally, until additional directives are issued, the regulator has prohibited Anmol and Puneet Singh Jaggi from serving as directors or in other important management positi...