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EV stock hits 5% lower circuit after announcing 1:10 stock split

Prominent EV solutions provider priced its promoter warrants at a 213% premium post-stock split, highlighting strong growth confidence and commitment to value creation, reinforcing investor trust in its future prospects.
EV stock hits 5% lower circuit after announcing 110 stock split

Introduction:

Leading EV solutions provider has announced that its promoter warrants are priced at a 213% premium to the current market price, reflecting strong confidence in future growth. The pricing follows a stock split, reinforcing the company’s commitment to value creation.

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Share price movement of Gensol Engineering:

On March 13, 2025, Gensol Engineering Ltd opened at ₹265.55 from its previous close of ₹275.45. The stock hit a high of ₹269.95 and a low of ₹261.70 hitting 5% lower circuit. By 2:14 PM, it traded at ₹261.7, with a market cap of ₹994.52 crore.

Gensol Engineering Issues Promoter Warrants at 213% Premium:

Gensol Engineering Limited has clarified that its promoter warrants are priced at ₹56 per share of ₹1 face value, equivalent to ₹560 per share of ₹10 face value after the 10:1 stock split approved by the Board.

The warrant pricing represents a significant 213% premium over the current market price of ₹262 per share (adjusted for ₹10 face value). This premium pricing highlights the promoters’ strong confidence in the company’s long-term growth prospects and value creation potential.

The company reaffirmed its commitment to transparency and assured stakeholders that the valuation aligns with its strategic vision. Investors and analysts view this move as a strong endorsement of the company’s future trajectory. Further details are available on respective stock exchange websites.

Recent news on Gensol Engineering:

As of February 12, 2025, Gensol Engineering Ltd reported a 22.11% QoQ decline in net profit to ₹17.86 crore in Q3 FY25, while revenue dropped 0.42% to ₹345.34 crore. However, YoY net profit grew 6%, with EBITDA rising 19%.

Stock performance of Gensol Engineering for Period of 1 week, 6 months, and 1 year:

Gensol Engineering Ltd has faced significant declines, with a 17.6% drop in the past week, a steep 70.0% fall over six months, and a 66.7% decline in one year, reflecting ongoing market challenges and investor concerns.

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Shareholding pattern of Gensol Engineering:

ParticularsDec 2024Sep 2024Jun 2024
Promoter62.70%62.60%62.80%
FII0.60%2.30%2.00%
DII1.40%0.00%0.00%
Public35.30%35.10%35.30%
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About Gensol Engineering:

Gensol Engineering Ltd (NSE: GENSOL) is a leading solar consulting and EPC company in India. It ranks among the top 10 EPC players and top 5 independent EPC providers, offering end-to-end solutions for solar power projects across the country.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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