Shares of Gensol Engineering Ltd have plummeted 66% in market capitalization since the beginning of March. The EPC services firm’s stock, which was valued at ₹517.40 on March 3, 2025, has tumbled to an all-time low of ₹175.75 on the BSE in the current trading session.
The decline began on March 4 when CARE Ratings downgraded the company’s long-term and short-term bank facilities due to delays in servicing its term loan obligations. The stock has been on a downward spiral ever since, shedding 66% of its value.
The following day, ICRA also downgraded Gensol Engineering’s credit rating, further exacerbating the stock’s woes. Since then, the stock has frequently hit lower circuits in most trading sessions.
In today’s session, Gensol Engineering shares remained locked in a 5% lower circuit, hitting a record low of ₹175.05 during early trading. The company’s market capitalization has now shrunk to ₹665.23 crore, with 0.20 lakh shares traded, amounting to a turnover of ₹25.21 lakh on the BSE.
From a technical perspective, the stock’s Relative Strength Index (RSI) stands at 11.8, indicating extreme oversold conditions. Gensol shares are currently trading below all key moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day averages.
Over the past year, the stock has lost 81% of its value, with a 79% decline in the last six months. With a one-year beta of 0.8, the stock has shown relatively low volatility during this period.
Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One, highlighted that Gensol has undergone a sharp correction, losing nearly 75% over the past few months. He noted that the stock remains technically weak, showing no signs of recovery or potential rebound in the near term. Given the persistent decline, Krishan advises investors to stay cautious and avoid entering the stock until a clear sign of recovery emerges.
A R Ramachandran, a SEBI-registered independent analyst, pointed out that Gensol is currently bearish and oversold on daily charts, with strong resistance at ₹184.5. He warned that if the stock closes below ₹175, it could further slide to ₹147 in the near term.
Gensol Engineering is part of the Gensol Group, which specializes in engineering, procurement, and construction (EPC) services for solar power plant development.
