Sterling and Wilson Solar extends fall amid margin concerns; stock dips 11%

The management believes that recent one-off events would materially impact the costs of the affected projects under execution, impacting margins for the year end March 31, 2021

Shares of Sterling and Wilson Solar continued to be under pressure in Monday's session, down 11 per cent at Rs 239.10 on the BSE, in an otherwise strong market, amid concerns that the recent one-off events have resulted in an unanticipated impact on the company’s operations and its margins.

The stock was quoting lower for the fifth straight trading day, having lost 22 per cent in the past one week. With last week’s decline, the stock has now corrected 30 per cent from its 52-week high level of Rs 343.50 touched on April 9, 2021.

At 02:45 pm, Sterling and Wilson Solar