Jansol Engineering Limited: Many companies are collapsing due to the decline in the stock market. At the same time, there are many such shares, which have caused heavy losses to investors last month. One of these stocks Gensol engineering Ltd. is of. The company’s stock has fallen by more than 50 percent in the last 15 days. In such a situation, more than half of its investors have drowned in 15 days.
Gensol engineering Is the original company of Blussmart. Blussmart is a cab company that operates EV cars. This cab company provides pick and drop facility from the airport. In the cab segment, Blussmart is considered a very smart cab service. Now Jansol With a decline in stock, Blussmart has also come into the limelight. It is believed that Uber can acquire it.
How much did the stock decline?
Last week, its stock put a 5 percent low circuit. The stock closed at Rs 261.70 with this decline. It has been getting lower circuit from the last several trading sessions. On February 28, the stock closed at around Rs 538. In such a situation, it has reduced by about 51 percent so far. Investors who invested in it have lost more than half of their funds in the first fortnight of March. There is no idea when it will grow. Today i.e. on 17 March 2025, this stock also has a lower circuit, which is currently at the price of 249.15.
Why did this deficiency?
Recently, two major credit rating agencies (Care Ratings and ICRA Care Ratings) reduced the company’s rating to ‘D’. Here ‘D’ rating means default position. That is, the company can either miss or fail to fulfill its obligations. The reason behind this is being told that Jansol is delaying engineering loan payment. This rating downgrade has weakened the confidence of investors, causing heavy selling in shares.
There was a stir after the listing
Jansol’s IPO was listed on 15 October 2019 in the stock market. It gained a lot of speed after the listing. In October last year, the stock crossed the Rs 1300 mark. But after this it started decreasing. The stock is currently trading at the lower level of its 52-week.
Blussmart can be sold!
According to media reports, Blussmart can be sold. It is being said that Uber can acquire this company. However, the conversation is still in the initial stage. Original company of Blussmart Gensol engineering Now this cab wants to get out of the service business. However, Blussmart has denied any discussion in this regard.
