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Gensol Engineering shares Fall: Jansol engineering shares are seeing a huge decline. The company has told the stock exchange that the stocks have fallen faster on Tuesday after a search in their Gurgaon and Ahmedabad offices by the Enforcement Directorate (ED).
There is a lot of pressure on the shares of the company and there is a lot of selling in it, due to which its price has come down to the 51 -week low of 81.36. The Jansol stock seems to have a 50 percent decline within just one month and there has been a decline of 90 percent within six months. That is, about 90 percent of the capital has been submerged from the record high of investors.
Jensol’s stock falls drastically
On Monday, Jansol said that the ED raided her office premises on 27 April and seized several documents, electronic devices and financial records. The company also told the stock exchange that after the action of ED, its financial impact has not been known yet.
Significantly, earlier this month, SEBI had increased the monitoring by raising its concern over Jansol Engineering about the company’s activities. On April 15, several action was taken by SEBI on Jansol and the company was accused of spending the individual luxurious things taken for the purpose of business.
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