New Delhi: Shares of Gensol Engineering are in focus as the promoters of the company have sold 9 lakh shares or nearly a 2.37 percent stake to unlock liquidity that will be reinvested into the business through equity infusion. However the counter declined more than 4 per cent on Monday. Gensol Engineerings stock went lower by 4.32 pc to Rs 308 apiece on the National Stock Exchange (NSE). On the BSE the scrip of the company fell 4.10 pc to Rs 308 apiece. The market is trading in the positive zone. The 30-share BSE Sensex climbed 279.52 points or 0.38 per cent to 74612.10 in the late morning trade. Also the NSE Nifty advanced by 82.70 points or 0.37 per cent to 22635.20. In a regulatory filing on Friday Ahmedabad-based Gensol Engineering said that This step is part of a strategy aimed at reinforcing the companys balance sheet and supporting stability the company said in a statement Further the promoters will infuse the same amount received through this sale or more amount in the warrant subscription round executed on June 18 2024 thereby providing additional growth capital to the company. After the stake sale Gensols promoters will continue to hold a 59.70 per cent shareholding in the company it added. Established in 2012 Gensol Engineering specialises in solar power engineering procurement and construction (EPC) services along with cutting-edge electric mobility solutions. Meanwhile the bearish trend in the Indian stock market continues into the new week as both indices opened almost flat with mixed trends on Monday. The Nifty 50 index opened at 22521.85 declining by 30.65 points or 0.14 percent while the BSE Sensex opened at 74474.98 registering a marginal gain of 142.40 points or 0.19 percent. Experts noted that ongoing global tensions such as the cycle of Trump threatening levying tariffs rolling them back and then threatening afresh are spoiling market sentiment and rapidly eroding U.S. goodwill and soft power. (With PTI inputs)