Comments
Shares of wind turbine maker Suzlon Energy today gained 11.4 per cent as the company swung into profit in the first quarter of 2015-16 fiscal.
The shares were heading towards its biggest daily gain since March 2015.
According to analysts, Q1 financials improved on debt repayment and better execution.
Suzlon enjoyed better liquidity after repaying debt of Rs 7,200 crore in May through proceeds received from Senvion sale.
Falling interest cost, healthy order book and improving ratios imply turnaround is near, analysts added.
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.