New Delhi: As the Securities and Exchange Board of India (Sebi) investigates the complaint against the alleged manipulation of share price and diversion of funds from Gensol Engineering (GEL), ace stock market investor Vijay Kedia cautioned investors of more frauds like ‘Gensol’ in the market.
The shares price of Gensol Engineering is dropping after Sebi barred the firm and its promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from securities markets till further orders in a fund diversion and governance lapses case.
While alerting stock market investors, Kedia said, “There are many ‘Gensol’ still hiding in the cupboard—waiting to tumble out with time. Let’s hope it’s not too late by then. He posted 10 “Red Flags” which hint at scam.
Here’s what Vijay Kedia posted:
There are many ‘Gensol’still hiding in the cupboard—waiting to tumble out with time. Let’s hope it’s not too late by then. 10 Red Flags That Scream Before a Scam. It’s wiser to be wary of companies that:
1. Talk big and overpromise
2. Maintain constant media presence — through news coverage, hyperactive social media posts, and endless interviews
3. Magnify even the smallest developments
4. Raise funds frequently without clarity on deployment
5. Diversify into unrelated businesses just to ride trending narratives
6. Overuse flashy buzzwords to sound innovative without real substance (e.g., “AI-powered,” “next-gen,” “disruptive”etc )
7. Flaunt lavish promoter lifestyles that don’t match company performance
8. Have high levels of promoter pledging
9. Face frequent exits of key personnel (CFOs, auditors, CXOs)
10. Engage in excessive related-party transactions
And yes — there may be more red flags beyond this list. Stay curious. Stay cautious.
Gensol Engineering share price dropped 5 per cent on April 17, 2025 to hit the lower circuit limit after Sebi barred the firm and its promoters — Anmol Singh Jaggi and Puneet Singh Jaggi. Vijay Kedia has given 10 red flags to identify such companies. Let’s know what these red flags are and what should you do if you see them in any company? Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
