News for CARE Ratings Limited (CARERATING.BO)

Gensol founder Anmol Jaggi, his younger brother Puneet, and their privately owned firm Gensol Ventures owned 62.65% of the company at the end of December 2024. A good 81.7% of promoter shares were pledged to creditors.

JSW Infrastructure Ltd. on Wednesday said that it has issued and allotted commercial paper aggregating to Rs 1,000 crore.

SEBI has restricted Gensol Engineering Ltd and its promoters from trading, citing fund diversion. The company's stock dropped 5%, closing at a 52-week low. The investigation continues as market surveillance measures are enforced.

SEBI has also prohibited both Anmol and Puneet Singh Jaggi from serving as directors or key managerial personnel at Gensol during the period of the restriction.

Gensol share price: The stock eventually settled 2.29 per cent lower at Rs 130.15. At this closing value, it has cracked 83.16 per cent in the calendar year 2025 so far.

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Gensol Engineering share price: The stock slumped another 5 per cent to close at its lower price band (52-week low) of Rs 166.30. At this price, the stock has cracked 78.48 per cent year-to-date (YTD).

Muthoottu Mini Financiers Ltd has announced that ICRA Ratings has assigned a credit rating of ‘A Stable’ for the company’s long term borrowings.

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Gensol Engineering stock, which stood at Rs 517.40 on March 3, 2025 slipped to a record low of Rs 175.75 on BSE in the current session.

Care Ratings has warned that the company is likely to slip into default, putting lenders led by State Bank of India (SBI) on notice on their loans outstanding with the company. It downgraded the long-term rating for BHSL to 'D' from 'B+' citing the expected default on OCDs including interest amounting to Rs 276 crore, along with an additional amount for yield to maturity (YTM) premium payment, due on March 31, 2025.

Bourses BSE and NSE have put the securities of Gensol under the long-term ESM (Enhanced Surveillance Measure) framework.

Sensex, Nifty updates on 28 March 2025: The benchmark BSE Sensex slipped 0.25% to close at 77,414, while the broader NSE Nifty 50 fell 0.41% to 23,494, weighed down by IT and auto stocks as investor sentiment turned cautious ahead of the U.S. reciprocal tariff announcement next week.

RVNL rose 3.35 per cent to hit a high of Rs 384 on BSE. The PSU said it has emerged as L1 from Central Railway for OHE modification work for up-gradation of existing electric traction system at a feeding system.

Gensol Engineering shares ended 3.85% lower at Rs 238.50 in the previous session on BSE. Market cap of the firm slipped to Rs 906.36 crore.

Waaree Energies Limited (WEL) secures upgraded credit rating from CARE Ratings, reflecting strong financial performance and operational efficiency.

Last week, creditors led by Virtue Financial Services Private Ltd and SICPA India Pvt Ltd invoked 4.3% and 1.19% of the pledged shares, respectively, according to exchange data dated 17 March.

Gensol Engineering share price: The stock today slumped another 5 per cent to hit a fresh 52-week low of Rs 248.65. At this price, it has cracked 57.09 per cent in 14 trading days.

Waaree Renewable Technologies Limited's credit rating upgraded by Care Ratings for bank facilities totaling ₹1,423 crore, reflecting strong financial performance.