Stocks To Watch Today on April 21, 2025: Jio Financial, HDFC Bank, Voltas and More

GIFT Nifty, an early indicator for Indian equity markets, was trading 65 points lower (-0.27%) at 23,836 as of 08:50 AM, suggesting a cautious start on Monday.

In the previous session, the Sensex surged by 1,508.91 points (+1.96%) to close at 78,553.20, while the Nifty 50 gained 414.45 points (+1.77%) to settle at 23,851.65.

Here are the key stocks to watch today on April 21, 2025:

Jio Financial Services

Jio Financial Services reported an 18% year-on-year rise in Q4 revenue, reaching ₹493.2 crore, driven by strong performance across lending, leasing, and digital finance segments. Net profit for the March quarter edged up 1.7% to ₹316 crore from ₹310.6 crore in the same quarter last year.

Infosys

Infosys projected revenue growth between 0% and 3% in constant currency terms for FY26—below the 4.5–5% guidance offered in the previous quarter. Market expectations had priced in 2–4% growth. The company also declared a final dividend of ₹22 per equity share alongside its Q4 results.

Voltas

Voltas is under scrutiny from customs authorities following a show cause notice dated April 1, 2025. The notice alleges a shortfall in import duty payments amounting to ₹24.81 crore. It was issued by the Commissioner of Customs (NS-III) at Nhava Sheva’s Jawaharlal Nehru Customs House.

Tata Elxsi

Tata Elxsi reported a 13.4% sequential decline in net profit for Q4FY25 to ₹172.4 crore, compared to ₹199 crore in the previous quarter. The decline is attributed to persistent weakness in its transportation segment, impacted by global trade challenges and geopolitical uncertainty.

IDFC First Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹38.60 lakh on IDFC First Bank for non-compliance with Know Your Customer (KYC) regulations. The penalty is tied to irregularities in opening certain current accounts, in breach of RBI’s 2016 KYC Directions.

HDFC Life Insurance

HDFC Life posted a strong performance for FY25, with individual annualised premium equivalent (APE) rising 18% and value of new business (VNB) increasing by 13%. However, Q4FY25 APE stood at ₹5,186 crore—3% below analyst expectations—reflecting intensified competition in the insurance sector.

Coal India

Coal India’s subsidiary SECL has signed a ₹7,040 crore agreement with TMC Mineral Resources to initiate large-scale coal mining using paste filling technology. This method enables underground mining without the need for surface land acquisition and enhances mine safety by filling excavated voids.

HDFC Bank

HDFC Bank posted a 7% year-on-year rise in consolidated net profit to ₹18,835 crore in Q4, with net interest income growing 10.3% to ₹32,070 crore. Despite this, the bank flagged pressures on loan growth due to aggressive pricing in home and corporate loan segments.

Yes Bank

Yes Bank recorded a 63% rise in Q4 net profit to ₹738 crore, supported by a decline in provisions. For FY25, net profit surged 92.3% to ₹2,406 crore. Net interest income for the quarter rose 5.7% to ₹2,276 crore, driven by 8.1% growth in advances and slight improvement in margins.

ICICI Bank

ICICI Bank reported a 15.7% increase in Q4 consolidated net profit at ₹13,502 crore. Core net interest income rose 11% to ₹21,193 crore, while non-interest income (excluding treasury gains) grew 18.4% to ₹7,021 crore. Provisions for the quarter stood at ₹891 crore, compared to ₹718 crore a year ago.

Conclusion

Investors should keep an eye on Jio Financial’s consistent earnings growth, Infosys’ cautious revenue guidance, and regulatory developments affecting Voltas and IDFC First Bank. 

Also notable are Tata Elxsi’s weak performance, HDFC Bank’s margin commentary, and Yes Bank’s turnaround in profitability. ICICI Bank and HDFC Life also present key insights into financial sector health as markets navigate a mixed global outlook.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Government Retirement Rules: At What Age Do Central Government Doctors Retire?

Lately, there’s been growing confusion around the retirement age of government employees, sparking discussions across departments and media. In response to recent questions raised in Parliament, Union Minister Jitendra Singh clarified that there is no proposal to increase the retirement age it will remain 60 years.

But what about doctors? Here’s when government doctors retire, and the exceptions.

Standard Retirement Age for Government Servants

  • General retirement age: 60 years.
  • Employees retire on the last day of the month they turn 60.
  • If born on the 1st of a month, retirement is on the last day of the previous month.

Central Government Doctors: Who Can Serve Beyond 62?

Doctors working in the following services can retire at 62 or extend service up to 65 years under certain conditions:

Services covered:

  • Central Health Service.
  • Indian Railways Medical Service.
  • AYUSH under Ministry of AYUSH.
  • Civilian doctors under DGAFMS (Defence)
  • Medical Officers of Indian Ordnance Factories Health Service.
  • Dental doctors under Health Ministry.
  • Dental doctors under Ministry of Railways.
  • GDMOs, specialists, and faculty at Bhopal Memorial Hospital & Research Centre.

Retirement Rules for Doctors

The default retirement age for government doctors is 62 years; however, an extension up to 65 years is permitted if the doctor opts for following roles.

  • Teaching
  • Clinical practice
  • Patient care
  • Implementation of health/public health programmes
  • Advisory and consultancy roles
  • This decision is made by the Competent Authority in the respective Ministry/Department.

Retirement Age for Doctors in CAPF and Assam Rifles

In special cases, doctors serving in the Central Armed Police Forces (CAPF) and Assam Rifles are entitled to a higher retirement age. Both General Duty Medical Officers (GDMOs) and Specialist Medical Officers in these forces retire at the age of 65 by default. Unlike other government doctors, they are not required to opt for an extension or fulfill any additional conditions to serve until this age.

Retirement Age for Nursing Faculty

Nursing professionals serving as teaching faculty in Central Government nursing institutions and holding an M.Sc. in Nursing are eligible to retire at the age of 65 years. However, this extended retirement age comes with a condition they must continue to function as faculty members after the age of 60 in order to avail of this provision.

Read More: Check the Retirement Age of Employees From Different Sectors.

Conclusion

While the general retirement age for most Central Government employees remains fixed at 60 years, doctors enjoy certain exceptions based on their roles and departments. Many doctors in central services can serve until 62, and even up to 65 if they choose to continue in specific roles such as teaching or public health.

Additionally, doctors in CAPF and Assam Rifles, as well as nursing faculty with an M.Sc., benefit from default retirement at 65 years. These provisions highlight the government’s emphasis on retaining experienced medical professionals in key healthcare and defence roles.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

8th Pay Commission Calculator: Here’s What Govt Employees’ Salaries Could Look Like at 2.86 Fitment Factor

With the announcement of the 8th Pay Commission, discussions have intensified around the fitment factor, an important component that will determine the revised salaries and pensions of central government employees and pensioners.

According to various reports, the fitment factor could range between 1.92 and 2.86, as per news reports. This multiplier is key to calculating the updated pay structures and retirement benefits under the new pay commission.

Let’s take a look at how much salary you could receive if the fitment factor is set at 2.86.

What Is the Fitment Factor?

The fitment factor is a multiplier used to calculate the revised basic salary from the existing pay. If the factor increases, so does the basic pay, and consequently, the total salary.

So, if your current basic pay is ₹18,000 and the fitment factor becomes 2.86, your revised pay would be:

₹18,000 × 2.86 = ₹51,480

This revised figure then becomes the new basis for calculating various allowances like Dearness Allowance (DA), House Rent Allowance (HRA), and Transport Allowance (TA).

8th Pay Calculator: Estimated Salary Structure (Scenario-Based)

Existing Basic Pay (7th CPC) Revised Basic Pay (with 2.86 Factor)
₹18,000 ₹51,480
₹21,700 ₹62,062
₹25,500 ₹72,930
₹35,400 ₹101,244
₹44,900 ₹128,414
₹56,100 ₹160,446

Note: These are estimated values based on basic pay. Actual in-hand salary will also include additional allowances.

What Will Be the DA Under the 8th Pay Commission?

One of the key topics of discussion for both employees and pensioners has been the potential merger of Dearness Allowance (DA) with basic pay. 

Following the recent 2% hike, the DA now stands at 55%. Under previous pay commissions, the basic pay was merged with the DA before applying the fitment factor, and this approach is expected to continue under the 8th Pay Commission as well.

However, news reports indicate that if the merger occurs, the fitment factor might be lower. For instance, under the 7th Pay Commission, the minimum basic pay at Level 1 was ₹18,000, but with a 55% DA merger, it would rise to ₹27,900.

If the fitment factor is applied to this revised amount of ₹27,900, it could result in a higher salary.

Read More: 8th Pay Commission: Demand to Merge DA With Basic Pay Resurfaces.

Conclusion

The 8th Pay Commission is expected to bring significant changes to the salaries and pensions of government employees. If the fitment factor is set at 2.86, employees will see a revision in their basic pay, which will then influence various allowances. 

While discussions about the merger of Dearness Allowance with basic pay continue, it remains an important factor in determining the final salary structure. With the potential for a revised fitment factor range between 1.92 and 2.86, government employees can look forward to notable improvements in their take-home pay.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Stock Market and Bank Holiday: Are They Closed Today, April 18, for Good Friday?

As Good Friday approaches on April 18, many people are wondering whether the stock market and banks will be closed for the observance of this religious holiday. If you’re planning to manage your finances or catch up on stock market trading, here’s everything you need to know about today’s schedule. 

Good Friday commemorates the crucifixion of Jesus Christ and is observed as a solemn occasion by Christians globally. It is one of the 14 designated holidays on the Indian stock market calendar for 2025. 

Stock Markets and Commodities Closed on Good Friday, April 18, 2025 

Indian stock markets will be closed on Friday, April 18, 2025, in observance of Good Friday, a national holiday recognised in various regions. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will halt all trading activities, covering equities, equity derivatives, and currency derivatives.  

Similarly, the Multi Commodity Exchange (MCX) will suspend all operations, including both the morning and evening trading sessions. There will be no commodity trading in sectors like gold, silver, crude oil, or agricultural futures for the day. Regular trading will resume on Monday, April 21, 2025. 

Bank Holiday on Good Friday 

As Good Friday approaches on April 18, 2025, many bank customers are curious whether their local branches will be open.  

The situation is mixed: while most banks will remain closed in major states, some regions may still have branches open.  

The Reserve Bank of India (RBI) has declared a holiday for banks under the Negotiable Instruments Act in observance of Good Friday. 

Conclusion 

In conclusion, both the Indian stock markets and most banks will remain closed on April 18, 2025, in observance of Good Friday. The stock exchanges, including the NSE, BSE, and MCX, will suspend all trading activities for the day. While most banks will observe a holiday, some branches in select regions may remain open.  

If you’re planning financial activities, it’s advisable to check the status of your local bank branch ahead of time. Regular operations will resume on April 21, 2025, following the weekend break. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Old Car Policy in Delhi: Does Your Vehicle Fall Under the Ban?

In a move announced in March, the Delhi government unveiled plans to curb air pollution by banning the sale of petrol and diesel at fuel stations to vehicles that exceed a certain age limit — 15 years for petrol and 10 years for diesel vehicles. 

This step is part of a broader effort to address Delhi’s ongoing air quality challenges, which worsen notably during specific months due to vehicular emissions and other contributing factors. 

Read on to find out if your vehicle is affected by the new fuel sale restrictions and how the government plans to enforce this policy. 

Does Your Vehicle Fall Under the Ban?

If you’re a vehicle owner in Delhi, you should: 

  • Check your vehicle’s registration year. This can be done through the Vahan portal. The portal provides information about your vehicle’s registration date. 
  • Determine whether your vehicle runs on petrol or diesel. 
  • Confirm whether your vehicle is older than 15 years (petrol) or 10 years (diesel). 

If it does fall under these categories, you may no longer be able to refuel it within city limits. 

How the Government Will Identify Older Vehicles? 

To enforce the policy, the Delhi government is using Automatic Number Plate Recognition (ANPR) cameras at fuel stations throughout the city. These smart, AI-powered cameras scan license plates and match the data with the Vahan database to detect a vehicle’s age. 

If a vehicle is found to be beyond the permissible age limit, fuel station staff receive alerts to stop refuelling that vehicle. 

This initiative is part of Delhi’s larger effort to curb vehicular emissions and improve air quality. Vehicle owners are advised to stay up to date on their compliance status and explore alternative transport options if needed. 

When Will Delhi’s Vehicle Age-Based Fuel Ban Start? 

The new policy to restrict fuel sales to vehicles over 15 years old for petrol and 10 years for diesel will be fully implemented by the end of April 2025.  

As of now, approximately 477 out of 500 fuel stations in Delhi are already equipped with Automatic Number Plate Recognition (ANPR) systems.  

The remaining stations are expected to complete the installation by the end of the month, ensuring comprehensive enforcement across the city. 

Read More: Old Car? No Fuel in Delhi Soon as ANPR Cameras Go Live at Fuel Stations.

Conclusion 

Delhi’s new policy, which restricts fuel sales to vehicles older than 15 years for petrol and 10 years for diesel, aims to address the city’s severe air pollution issues. Vehicle owners in Delhi should verify their vehicle’s registration details on the Vahan portal to ensure they are in compliance with the new rules. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Gold Prices Rise Slightly; Silver Prices Dip – Check Rates in Your City on April 17, 2025

Gold prices showed a marginal uptick on April 17, 2025, amid mixed global cues. In the international market, spot gold traded at $3,328.36 per ounce, showing minimal movement (-0.03%) as investors weighed inflation data and central bank cues.

Domestically, gold remained firm. Chennai recorded the highest price for 24-carat gold at ₹95,810 per 10 grams. Other major cities also witnessed consistent pricing, reflecting steady demand.

In contrast, silver prices declined by approximately 0.79% in most cities, with rates dropping up to ₹960 per kg in Bangalore.

Gold Prices Across Major Indian Cities on April 17, 2025

Here’s a breakdown of gold prices as of April 17, 2025, across major Indian cities:

City 24 Carat Gold (per 10gm) 22 Carat Gold (per 10gm)
Chennai ₹95,810 ₹87,826
New Delhi ₹95,370 ₹87,423
Mumbai ₹95,530 ₹87,569
Hyderabad ₹95,590 ₹87,624
Bangalore ₹95,520 ₹87,560
Kolkata ₹95,410 ₹87,459

Silver Prices Across Major Indian Cities

Here is a breakdown of the silver prices across major Indian cities as of April 17, 2025

City Silver Rate (₹/kg)
Chennai ₹95,820
New Delhi ₹95,380
Mumbai ₹95,540
Hyderabad ₹95,500
Bangalore ₹95,420
Kolkata ₹95,410

Read more: How to Avoid Frauds in Dubai Gold Souk When Buying Gold.

Conclusion

The modest rise in gold prices signals steady demand, whereas silver’s dip reflects short-term market adjustments. With precious metal trends changing daily, keeping tabs on rate updates across cities can help consumers and investors plan better.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Hero MotoCorp Share Price in Focus; Pauses Production at 4 Plants for Supply Alignment

Hero MotoCorp’s share price is trading at ₹3,723.80, marking a decline of ₹58.10 or 1.54% at 11:55 AM on the NSE from its previous close. The stock opened at ₹3,781.90, reached a high of ₹3,782.00, and a low of ₹3,664.30 during the trading session.

Hero MotoCorp, the largest two-wheeler manufacturer in India, announced a temporary halt in production at four of its manufacturing plants. From April 17 to April 19, 2025, operations will be paused at its plants located in Dharuhera, Gurugram, Haridwar, and Neemrana.

Why is Hero MotoCorp Pausing Production?

The purpose behind this temporary production shutdown is to streamline supply alignment and ensure smooth operations moving forward. The company has taken this opportunity to conduct vital maintenance work, which will help improve the overall efficiency of its production facilities.

Despite the short-term break at these four plants, Hero MotoCorp assures that the production at its Tirupati and Halol plants will continue as usual.

The suspension of production will not hinder the company’s ability to fulfill both domestic and international retail demands. Any delayed production during this period will be efficiently recovered in the subsequent month.

Impact on Production Capacity

Hero MotoCorp, which retained its leadership position in the domestic two-wheeler market last year by selling over 54 lakh units, has an impressive combined annual production capacity of around 9 million units.

This short pause in production is seen as a strategic move to optimise supply chain operations and facility management, ultimately strengthening the company’s manufacturing capabilities.

What Does This Mean for Hero MotoCorp’s Retail Demand?

Despite the temporary shutdown at four plants, Hero MotoCorp is confident that it will not face any challenges in meeting customer demands, both in the domestic market and overseas.

The company has emphasised that the planned maintenance and operational enhancements will further contribute to maintaining its strong market position and enhancing product availability.

Read More: Hero MotoCorp Leads Two-Wheeler Market in FY25 with 29% Share.

Conclusion

While Hero MotoCorp is taking a short break to realign its supply chain and carry out necessary maintenance, the company’s production capacity and market demand will not be significantly affected.

Hero MotoCorp continues to be a dominant player in the two-wheeler industry and is committed to ensuring its manufacturing facilities are operating at peak performance to meet both current and future demand.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

JBM Auto Share Price Declines Today Following Yesterday’s 10% Jump; Here’s Why

JBM Auto’s stock has seen a decline of 1.01% today, trading at ₹687.70 as of 10:07 AM on the NSE, after closing at ₹694.75 in the previous session. The dip follows a sharp 17% gain over the past three sessions, reflecting broader caution in the auto and electric vehicle (EV) related mid-cap stocks.

The stock’s high for the day reached ₹697.45, while the low was ₹682.55, indicating a slight pullback after the recent surge in its value.

JBM Auto Shares Rose on Bus Tender News

Shares of electric bus manufacturers JBM Auto Ltd. and Olectra Greentech Ltd. saw a significant rise of up to 10% on April 16, following reports that the Indian government is preparing to launch a tender to procure 10,000 electric buses.

Sources informed CNBC-TV18 that the tender would be issued under the PM E-Drive scheme next month, with Convergence Energy Services Ltd. (CESL) managing the process.

The government plans to provide a subsidy of around ₹3,000 crore for this initiative, which will cover intra-city electric bus operations across nine major cities, including Bengaluru, Chennai, Hyderabad, Pune, Mumbai, Surat, Ahmedabad, New Delhi, and Kolkata.

JBM Auto Sees Rise in Net Profit in Q3 FY25

JBM Auto, a company specialising in automotive manufacturing, including sheet metal components, tools, dies, moulds, and buses, reported an 8.2% increase in consolidated net profit, reaching ₹52.64 crore in Q3 FY25, compared to ₹48.66 crore in Q3 FY24. Additionally, net sales grew by 3.7% year-on-year, totalling ₹1,396.15 crore for the quarter.

Conclusion

The recent 10% jump followed by a 1.01% drop highlights the inherent fluctuations in the market, often influenced by broader trends in the automotive and electric vehicle sectors. Despite this, the company’s positive quarterly results, including an 8.2% increase in net profit, reflect its solid performance.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Bajaj Electricals Shares in Focus; Partners with Slovakia’s SEAK for Tunnel Lighting Projects in India

Bajaj Electricals has announced an exclusive strategic collaboration with SEAK s.r.o., a Slovak Republic-based company known for its advanced lighting control electronics and software. The partnership aims to bolster tunnel lighting projects across India, reflecting Bajaj’s push into smart infrastructure solutions.

A New Chapter in Tunnel Lighting Technology

Under the agreement, SEAK will develop and supply cutting-edge lighting control products using its proprietary power line control technology. These products will include both hardware and integrated software solutions.

Bajaj Electricals will leverage these technologies for resale and for end-to-end execution covering supply, installation, testing, and commissioning (SITC) of tunnel lighting projects in India.

This collaboration positions Bajaj Electricals to play a larger role in modernising India’s tunnel infrastructure with intelligent lighting systems for energy efficiency and control.

Scope for Global Expansion

While the focus is currently on tunnel projects within India, the agreement also opens up the possibility for international collaboration. Both companies have agreed to consider joint projects in other countries on a case-by-case basis, depending on mutual interest and feasibility.

Strategic Significance

The move strengthens Bajaj Electricals’ portfolio in smart infrastructure and highlights its intent to integrate advanced European technologies into Indian projects.

For SEAK, the partnership provides a strategic entry into a fast-growing market with expanding urban infrastructure and government-led development initiatives.

Share Price Performance

As of April 17, 2025, at 09:51 AM, Bajaj Electricals Limited was trading at ₹550.50, reflecting a slight decline of 0.24% from its previous close of ₹551.85. The stock opened higher at ₹561 and touched an intraday high of ₹568.00 before dipping to a low of ₹544.15.

Conclusion

As infrastructure projects become more tech-driven, collaborations like this reflect a growing trend of blending local execution capabilities with global innovation. Bajaj Electricals’ tie up with SEAK may set the stage for similar partnerships in sectors like smart cities, highways, and urban mobility.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Gensol Engineering Shares Hit 5% Lower Circuit; Anmol Singh Jaggi Resigns Amid SEBI Probe

Gensol Engineering, a company involved in renewable energy and electric vehicle (EV) initiatives, is facing a significant financial crisis following a recent order from the Securities and Exchange Board of India (SEBI). This has led to a sharp drop in the company’s stock price.

A Breakdown of Corporate Governance at Gensol

SEBI’s investigation has uncovered serious issues with Gensol’s corporate governance, particularly involving the promoters, Anmol Singh Jaggi and Puneet Singh Jaggi.

The regulators allege that funds intended for the purchase of electric vehicles were diverted for personal use, including the purchase of a luxury apartment. These allegations raise concerns about the company’s financial oversight.

The core of the issue is the alleged misuse of a ₹977.75 crore loan from the Indian Renewable Energy Development Agency (IREDA) and Power Finance Corporation (PFC), which was intended for buying 6,400 electric vehicles.

However, only 4,704 vehicles were purchased, with over ₹207 crore unaccounted for.

SEBI’s Findings and Company Response

The SEBI probe, launched after a complaint in June 2024, also revealed falsified documents submitted by the company to credit rating agencies, misleading investors and lenders. This has led to a significant drop of 83% in Gensol’s share price in 2025, raising concerns about the company’s future stability.

In light of the SEBI order, Gensol has pledged to fully cooperate with a forensic audit requested by the regulator. The company has promised to provide complete access to its records to ensure transparency and accountability during the investigation.

Promoters Step Down Amid Crisis

Both Anmol Singh Jaggi and Puneet Singh Jaggi have resigned from their roles as directors at Gensol, following the SEBI order.

Gensol has expressed its commitment to stabilising its operations, despite the ongoing challenges, and remains focused on its business objectives.

Share Price Performance

On April 17, 2025, Gensol Engineering Ltd. saw its share price fall to ₹117.50, touching the lower circuit limit of 5%. This marks a significant drop from the previous day’s close of ₹123.65, and the stock traded at a new 52-week low. The company’s 52-week high remains far higher, at ₹1,125.75, highlighting the extent of its recent decline.

Read More: BluSmart Halts Ride Bookings in Delhi-NCR, Bengaluru Amid Gensol Probe.

Conclusion

Gensol Engineering’s current crisis highlights the vulnerabilities that companies can face when corporate governance breaks down, particularly in industries like renewable energy and electric vehicles.

The ongoing SEBI investigation, combined with the resignation of key promoters and the significant financial misconduct allegations, has caused a steep decline in the company’s stock price, undermining investor confidence. Despite these challenges, Gensol has pledged to cooperate fully with the forensic audit and stabilise its operations.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.