During Thursday’s trading session, shares of a company involved in the renewable energy sector hit a 5 percent upper circuit on the stock exchanges. Despite this temporary surge, the stock has been in a prolonged downtrend, falling steeply from Rs. 1,125 to nearly Rs. 60 per share.
With IREDA now filing for bankruptcy proceedings against the company, investors are left wondering—should you hold on to this green energy stock or consider exiting your position?
With a market capitalisation of Rs. 240 crores, the shares of Gensol Engineering Limited, engaged in the business of solar consulting, EPC, and leasing of electric vehicles (EVs), hit a 5 percent upper circuit at Rs. 63.14 on BSE, as against its previous closing…
