Suzlon Energy hits 5% upper circuit

Shares in wind turbine maker Suzlon Energy surged nearly five per cent, its daily limit, on Monday, following the government's move to re-introduce the acceleraed depreciation scheme for the wind energy sector. The gains add to Suzlon's 3.6 per cent gain in the previous session. Finance Minister Arun Jaitley said on late Friday that the government would amend the Finance Bill in this regard. Suzlon's shares were up 4.87 per cent at Rs 25.85, outperforming a 0.6 per cent gain in the broader Nifty.