Suzlon recovers, but still down 10% on Rs 11.55 bn Q3 loss

Suzlon Energy, the world's fifth largest wind turbine supplier, recovered from early loss of 17% but still down 10%. The company reported four-fold jump in quarterly loss to Rs 11.55 billion as against expected loss of Rs 3.07 billion.

Consolidated total income dropped 19.6% to Rs 40.74 billion as against expected revenues of Rs 55.77 billion. Shares ofthe companyare trading at Rs 21.40, down Rs 2.35, or 9.9% at the Bombay Stock Exchange (BSE) on Friday at 10:57 a.m.The scrip has touched an intra-day high of Rs 21.90 and low of Rs 19.75. The total volume of shares traded at the BSE is 7,068,100.In the earlier session, the shares rose 3.71%, or Rs 0.85, at Rs 23.75. Currently, the stock is trading down 32.66% from its 52-week high of Rs 32 and above 46.1% over the 52-week low of Rs 14.75.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 24.90 (1.15) (4.62) 1 Month 18.95 4.80 25.33 3 Months 15.40 8.35 54.22 6 Months 16.80 6.95 41.37 1 Year 29.45 (5.70) (19.35) Note: Based on previous day closing price.