BluSmart partner Gensol's shares hit 52-week low after ED raid

Mansi Agarwal, Published on Apr 29th, 2025

BluSmart partner Gensol's shares hit 52-week low after ED raid

Gensol Engineering's shares dipped another 5% on Tuesday to hit a 52-week low of ₹82.20 after the Enforcement Directorate raided its premises in Gujarat and Ahmedabad. The stock has lost roughly 90% of its value this year. The company, a key EV partner of BluSmart, is currently under multiple probes over alleged fund diversion by its founders.

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