Suzlon recovers partially, ends down 5% as profits dip
BS Reporter / Mumbai Jun 29, 2009, 16:06 IST
Suzlon Energy recovered partially from the day's low of Rs 113, and finally settled with a loss of 5% at Rs 117. The counter recorded volume of around 19.51 million shares on the BSE today. ______________________________________________________
(Updated at 1008 hrs)
Suzlon Energy has plunged over 8% in early trades this morning following a drop in Q4 net profit.
The stock touched a low of Rs 113, and is now trading at Rs 115, down 6.7%. The counter has seen significant volume of around 5.20 million shares so far on the BSE.
The company posted a 32% dip in Q4 net profit at Rs 314.9 crore, from Rs 464.8 crore in the corresponding quarter a year ago. The net sales, however, increased 84% to Rs 9,207.9 crore in Q409 from Rs 4,939.1 crore in Q408.
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