Comments
Shares of Suzlon Energy surged to a 16-month high on strong quarterly results.
At about 10 am, Suzlon shares were up 2.19 per cent at Rs 21 after rising as much as 8 per cent to Rs 22.25, its highest since January 6, 2016.
The company has posted consolidated net profit of Rs 579 crore for the March quarter, compared with loss of Rs 334 crore a year earlier
The stock posted its biggest intra-day percentage gain in over two months.
Up to Friday's close, the stock had risen 49.3 per cent this year.
About 70.6 million shares change hands, 1.4 times the 30-day average of 51.2 mln shares.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.