Published on 16/11/2017 2:33:00 PM | Source: Dion Global Solutions Ltd
Suzlon Energy hits 52-week low on weak Q2
Shares of Suzlon Energy plunged over 6 per cent, hitting 52-week low, on the Bombay Stock Exchange after the company reported consolidated loss before exceptional items and tax of Rs 374 crore in September quarter (Q2FY18) as compared to net profit of Rs 251 crore before exceptional items and tax in a year ago quarter.
Weighed down by Q2, shares of company declined as much as 6.22 per cent to touch 52-week low of Rs 12.80 apiece on the Bombay Stock Exchange. In a similar fashion, shares of the firm were trading 3.30 per cent lower at Rs 13.20 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 33,038.17, up 277.73 points, or 0.85 per cent, at 12:35 hours.
