Gensol engineering share: On the last trading day of the week, the stock market rose on Friday, but there was a selling in the shares of Gensol Engineering Limited. At the end of the trading, the stock fell 5 percent to close at Rs 74.0. A year ago, this stock gave multibagger returns to investors. In fact, the company’s shares were at Rs 21 in 2019, which rose by 6457 per cent in February 2024 to an all-time high of Rs 1377. But for the last few months, the stock has been steadily declining and it has fallen from Rs 94.66 per cent to Rs 73.42 from its all-time high 1377.
The company is facing investigation.
It is noteworthy that Jansol engineering is facing regulatory investigation for alleged fund misuse and operational deficiencies. Regulatory SEBI had banned the company’s promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the stock market for various violations last April. According to the information, in June 2024, Sebi received a complaint of manipulation and money laundering in share prices from Jansol and then the investigation of the case was started. The ED is also investigating the matter. Recently, the ED detained Puneet Jaggi.
How to result in quarter results?
In the third quarter of FY 2024, the company’s income increased by Rs 220 crore to Rs 345 crore in the third quarter of FY 2025, which is an increase of 56.81 per cent year-on-year. The company saw a slight decline of 0.28 percent in revenue of Rs 346 crore on a quarterly basis.
Talking about the shareholding pattern of Jansol Engineering Limited, the promoters have a 35.87 percent stake. Talking about public shareholding, it is 64.13 percent.
