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IREDA declares Gensol Engineering accounts as fraudulent

after close1 source ↓written by the desknot a recommendation

The Indian Renewable Energy Development Agency Ltd (IREDA) has declared the loan accounts of Gensol Engineering Ltd and its subsidiary Gensol EV Lease Ltd as fraudulent. This action was reported to the Reserve Bank of India (RBI) under the Fraud Risk Management guidelines for NBFCs. This declaration may impact investor sentiment in the renewable energy sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 11 Jul 2026, 16:11 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IREDA closed −1.3% on the day of the news, from ₹126.40 to ₹124.81; Nifty 0.0% over the same session; futures OI +5.5%.

Bulletin at 16:11 IST on 11 Jul 2026. Every change is measured from ₹126.40, the last close before it, on 10 Jul. Nifty 50 is measured over the same sessions.

  • IREDA close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
IREDA closes around the bulletin against the close before the news, with Nifty 50 rebased to it111.23126.40141.57axis spans 27%before the news · 10 Jul126.40Nifty 50IREDAbulletinD0+1+3+56 Jul16 Jul27 JulFutures open interest, lotspeak 22,000Reference close ₹126.40. 16 sessions from 6 Jul to 27 Jul; the price axis spans 27 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before10 Jul₹126.40basebase
On the day13 Jul₹124.81▼ −1.3%0.0%−1.3 pp difference
+1 session14 Jul₹122.08▼ −3.4%▼ −0.6%−2.8 pp difference
+3 sessions16 Jul₹120.83▼ −4.4%▼ −0.6%−3.9 pp difference
+5 sessions20 Jul₹121.83▼ −3.6%▲ +0.1%−3.8 pp difference
Gap at the open, % · ₹
▼ −1.7%−2.15 on 13 Jul
Day's range, % · ₹
1.5%≈ 1.9 high to low
Volume on the day
0.72×the 20-session average
Futures OI on the day
▲ +5.5%+790 lots · short build-up · price −1.3%
Futures OI open, lots
15,00013 Jul · 28 Jul expiry
Futures premium, ₹
−0.31−0.3% to spot
Puts per call, by OI
0.76from 0.75 the session before
Max pain
130from 130 the session before

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