 "Gensol Engineering shares plunge 50% in 12 days; rating downgrades weigh")
Gensol Engineering (Gensol) share price was locked in the lower circuit for the third straight day, down 5 per cent at Rs 275.45 per share, on the BSE in Wednesday's intraday trade with only sellers seen on the counter. The stock price of the smallcap company was quoting lower for the 12th straight trading day, having fallen 50 per cent during the period. It is trading at its multi-year low price on the BSE.
Till 01:46 PM, around 74,000 shares had, collectively, changed hands on the NSE and BSE, and there are pending sell orders for 470,000 shares on the exchanges.
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