Suzlon Energy recovers 18% in morning trade
By IRIS
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.
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