I think order book is manipulated because there released too order books in October and November and both have different orders and values so it didn’t make any sense
It could be in range of 4000-5000cr in my opinion
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They got two order of 1,000 Cr each in December and January
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More lenders will dispose shares in open market, if jaggi fails to raise capital, or so the stake sale asap, payment debt and release the pledge.
Wise to stay a million miles away, unless above isn’t done( transacted), promoter may say he will do, this and that and might promise to be debt free in stories, but no one believes his word.
Once these transactions happen, only then one may consider stock worth looking at.
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EGM on Apr12th. Agenda: to consider 200 crores warrants (at 560 per share vs current price of 248) and split 10:1
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@naruto Amazing Analysis…I had the similar thoughts when gensol started changing their financial to justify valuation and yet no big player started buying. Its really great how you predicted long back.
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31 bulk deals this month listed on screener.in
Will they be subscribing warrants again? What’s the point behind selling now?
They did’nt sell again. They only officially informed the stock exchange today that they sold 8,00,000 earlier in March.
Promoters control is reducing day by day, shares getting invoked by lenders .
Jaggis holding has reduced by almost 5% in just last few weeks .
If share price doesn’t increase more pledged will be invoked.
And stock may not find bottom for a long time
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Gensol Engineering’s independent director Rajesh Jain has resigned amid liquidity concerns at the renewable energy company.
In his resignation letter dated March 13, filed on the NSE by Gensol Engineering, Jain has remarked on the current focus of the company, calling for the need for a mentor or an advisor to provide necessary guidance as the company scales.
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Warrants subscribed 4,43,934 for Rs. 38,66,66,514 at a rate of 872 (vs today price 242)
Promotor holding decreased due to lenders invoking pledge.
Earlier holding: 238 lakhs shares (62% of total)
Today: 188 lakh shares (49% of total)
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The promoters seems to be losing their hold on the company. Today more pledged shares invoked worth 80 crores. And market cap is 700 crores.
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Yes lenders will keep.invoking more pledged shares, unless company doesn’t find a bailout, either in form of take over or liquidity infusion to meet the debt obligations.
Lenders are invoking shares left right and center, of all promoter entities ( anmol, puneet and gensol ventures).
Guess they have fallen short of proving more collateral and lenders won’t stop selling if they are provided with one, they will recover what ever they can, even if they have to sell for pennies.
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Yes, in all of this though there can be opportunities in the case of massive selling. If Anmol can get things right and assuming debt does get fixed, then suddenly this fall in price could be an opportunity as this is the case of a forced seller with no buyers in sight. So there is some level of price dislocation, though I wonder if this affects Anmol’s focus on the company as he will not be the majority shareholder any more.
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Gensol is 80%+ down from ATH and now available at a PE of 8.5.
Gensol’s traded volume as sky rocketed throughout March, 7th March saw almost 30x of daily average volume while maintaining average delivery% of last 1 year.
Even in last 10 days, average volume traded is greater than 5x of average volume… a part of this volume can be attributed to pledged shares being sold, but who is buying? May be someone buying Gensol for a mouth watering valuation and may be get a new management to turn around things?
When will this bloodbath end in Gensol? may be another month?.. that may bring Gensol to a PE of 3-4 and then if someone buys a majority stake in this bumper sale and gets some capital to repay debt and gets a new management… this would be super cheap buy if it falls down to a PE of 3-4x before results.
Also results would give a good indication of impact of cash flow on business operations. Considering all this drama unfolded in start of March, if they are still able to achive revenue of 375cr & PAT of 20Cr (and actual realization of cash also happens), it would be a risk worth taking then.
Disclaimer : Had less than 2% PF allocation in Gensol, exited on 3rd day of LC’s. Will be interested to buy if it comes to double digits.
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Heard somewhere that if you buy a stock because it went down by 80% from ATH and then it falls further 10%, which is always possible, it is 50% loss for you…
(Rs 100 stock goes to Rs 20 when you buy, then it becomes Rs 10, you lost 50%) ..seems like good fit for Gensol. Frightening maths.. 
Lesson : Never buy a stock just because it went down by x%, as it can quickly go down further
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