Suzlon Energy recovers 18% in morning trade
01st March 2013 10:18 AM
Suzlon Energy, the world's fifth largest wind turbine supplier, jumped 18% on Friday in the morning trade after itplunged 33.81% in previous session.
The company said that ''earlier announcement on Thursday, the promoters, please note that the shares so released, by repayment of loans, would then be pledged with lenders of the company in compliance with the requirement under CDR mechanism''.
The company plunged 33% on Thursday after promoters raised funds for corporate debt restructuring (CDR) via stake sale. Shares ofthe companyare trading at Rs 19, up Rs 2.95, or 18.38% at the Bombay Stock Exchange (BSE) on Friday at 9:35 a.m.The scrip has touched an intra-day high of Rs 20.60 and low of Rs 17.65. The total volume of shares traded at the BSE is 9,065,516.In the earlier session, the shares declined 33.81%, or Rs 8.2, at Rs 16.05. Currently, the stock is trading down 38.21% from its 52-week high of Rs 30.75 and above 40.22% over the 52-week low of Rs 13.55.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 23.15 (7.10) (30.67) 1 Month 21.20 (5.15) (24.29) 3 Months 19.55 (3.50) (17.90) 6 Months 14.95 1.10 7.36 1 Year 29.65 (13.60) (45.87) Note: Based on previous day closing price.
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