Gensol shares continue to slide, hit new lower circuit limit

Shares of Gensol Engineering, a company operating in the renewable energy sector, continued their sharp decline, hitting the 5% lower circuit limit in trading. This persistent downward spiral in the company's stock price follows growing concerns stemming from an ongoing investigation by the Securities and Exchange Board of India (SEBI). Since reports of potential corporate governance issues within the company surfaced, Gensol Engineering has witnessed a significant erosion of its market capitalization, losing over 60% of its value.