<p>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.</p>.<p>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.</p>.<p>At the NSE, it dropped 5 per cent to Rs 90.16 -- the lower circuit as well as 52-week low.</p>.<p>The stock has been tumbling for 12 trading days, including Friday. Shares of the firm have lost over 44 per cent in 12 days.</p>.<p>From its 52-week high of Rs 1,125.75, the stock has tumbled 91.91 per cent.</p>.<p>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.</p>.<p>The raids were conducted at the company's premises in Delhi, Gurugram and Ahmedabad under the provisions of the Foreign Exchange Management Act (FEMA).</p>.Axis Bank shares tumble nearly 5% post earnings announcement.<p>The promoter brothers of the company -- Anmol Singh Jaggi and Puneet Singh Jaggi -- are under the scanner of the federal probe agency following a Sebi report against them for alleged financial misconduct, corporate misgovernance and diversion of funds.</p>.<p>Sebi, through its interim order on Tuesday last week, barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities markets until further notice.</p>.<p>Gensol Engineering is engaged in providing solar consulting services, engineering, procurement and construction (EPC) services, and leasing of electric vehicles, among others.</p>.<p>Sebi received a complaint in June 2024 related to the manipulation of share price and diversion of funds from Gensol and thereafter, started examining the matter.</p>.<p>Additionally, Sebi directed Gensol Engineering to put its planned stock split into the ratio of 1:10 on hold.</p>
<p>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.</p>.<p>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.</p>.<p>At the NSE, it dropped 5 per cent to Rs 90.16 -- the lower circuit as well as 52-week low.</p>.<p>The stock has been tumbling for 12 trading days, including Friday. Shares of the firm have lost over 44 per cent in 12 days.</p>.<p>From its 52-week high of Rs 1,125.75, the stock has tumbled 91.91 per cent.</p>.<p>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.</p>.<p>The raids were conducted at the company's premises in Delhi, Gurugram and Ahmedabad under the provisions of the Foreign Exchange Management Act (FEMA).</p>.Axis Bank shares tumble nearly 5% post earnings announcement.<p>The promoter brothers of the company -- Anmol Singh Jaggi and Puneet Singh Jaggi -- are under the scanner of the federal probe agency following a Sebi report against them for alleged financial misconduct, corporate misgovernance and diversion of funds.</p>.<p>Sebi, through its interim order on Tuesday last week, barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities markets until further notice.</p>.<p>Gensol Engineering is engaged in providing solar consulting services, engineering, procurement and construction (EPC) services, and leasing of electric vehicles, among others.</p>.<p>Sebi received a complaint in June 2024 related to the manipulation of share price and diversion of funds from Gensol and thereafter, started examining the matter.</p>.<p>Additionally, Sebi directed Gensol Engineering to put its planned stock split into the ratio of 1:10 on hold.</p>