Gensol Engineering shares fall another 5%, stock nosedives 90% from peak

Gensol Engineering shares hit a fresh 52-week low, down 90% from peak, after Sebi barred its promoters for financial misconduct and governance lapses. The probe revealed fund diversion of over Rs 977 crore, falsified documents, and luxury spending. Gensol has pledged full cooperation with a forensic audit as investor sentiment remains deeply impacted.