Suzlon slumps on Q2 net loss

The stock extended losses and touched a low of Rs 58 - down 13% from the previous close. The stock ended at the day's low with trades of over 22.15 million shares, as against its two week daily average trade of 6.39 million shares.
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(Updated at 1000hrs)

Reacting to weak results, Suzlon has slumped in early trades today.

The stock touched a high of Rs 65 and a low of Rs 61 - down 9% from the previous close. The stock is now down 6% at Rs 63. Over 783,877 stocks have been traded on the BSE so far.

Suzlon has reported a net loss of Rs 356 crore for the second quarter of FY10 against a net loss of Rs 23 crore in the same quarter in the previous year. During the quarter under review, the company posted a decline of 31 per cent in its revenues at Rs 4,793 crore against Rs 6,921 crore for the same quarter previous year.