Sterling and Wilson Solar surges 20% on heavy volumes

According to analysts the proceeds received by SP group after exiting Tata group could be used to repay debt the former owes to Sterling and Wilson Solar

Shares of Sterling and Wilson Solar soared 20 per cent to Rs 235.90 on the BSE on Wednesday on the back of heavy volumes after Shapoorji Pallonji Group agreed to exit Tata Sons and called for separation.

At 10:18 am, the stock was trading 16 per cent higher at Rs 228.70 on the BSE, as against 0.56 per cent rise in the S&P BSE Sensex. Trading volumes on the counter jumped over four-fold with a combined 1.3 million equity shares changing hands on the NSE and BSE till the time of writing of this report.

In a late evening statement, the Mistry