Suzlon Energy tanks 18.3% in 2 days after dismal Q4 show

Meanwhile, the S&P BSE Sensex was down 73.12 points or 0.37% at 19,687.18.

On BSE, 21.52 lakh shares were traded in the counter as against average daily volume of 33.53 lakh shares in the past one quarter.

The stock hit a low of Rs 10.60 so far during the day, which is a record low for the counter. The stock hit a high of Rs 11.73 so far during the day. The stock had hit a 52-week high of Rs 26.90 on 6 February 2013.

The stock had underperformed the market over the past one month till 31 May 2013, sliding 19.35% compared with the Sensex's 1.31% rise. The scrip had also underperformed the market in past one quarter, declining 26.79% as against Sensex's 4.77% gain.

The small-cap company has equity capital of Rs 418.32 crore. Face value per share is Rs 2.

Shares of Suzlon Energy have slumped 18.32% in two trading sessions from Rs 13.04 on 30 May 2013, after the company after market hours on 30 May 2013, reported that its net loss widened in Q4 March 2013. The stock had tumbled 9.89% to settle at Rs 11.75 on Friday, 31 May 2013.

Suzlon Energy reported consolidated net loss of Rs 1912.72 crore in Q4 March 2013, higher than a net loss of Rs 300.24 crore in Q4 March 2012. Net sales declined 36.1% to Rs 4280.53 crore in Q4 March 2013 over Q4 March 2012.

The Suzlon Group is ranked as the world's fifth largest wind turbine supplier, in terms of cumulative installed capacity and marketshare, at the end of 2012.

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