Gensol Engineering share price hits 5% upper circuit despite IREDA's insolvency move

Gensol Engineering share price hits 5% upper circuit despite IREDA's insolvency move

Amid ongoing financial troubles, Gensol Engineering's stock rebounded slightly, reaching ₹62.44. This came after IREDA filed for insolvency over ₹510 crore default, while SEBI barred the company's promoters from trading and ordered a forensic audit due to loan misappropriation allegations.