Gensol Engineering shares wipe 40% of investor wealth in 5 days

Shares of Gensol Engineering dipped 5% on Monday to trade at around ₹305, recording a fall for the 10th consecutive session. The stock wiped out around 40% of investor wealth in the last five days. The latest decline comes after the promoters offloaded a 2.3% stake in the company. Downgrades by some brokerages have also contributed to the fall.