Gensol Engineering’s shares have surprisingly rallied despite facing significant regulatory and financial turmoil. The surge occurs amidst the resignation of key executives due to a SEBI probe into alleged fund siphoning. Adding to the company’s woes, IREDA has filed an insolvency petition over a substantial loan default, further clouding Gensol’s future.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets