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Bloomberg Quint

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Suzlon Energy Share Price Hits Upper Circuit On Large Trade

  • Shares of Suzlon Energy Ltd. hit the upper circuit at 5% at Rs 56.73 per share on Thursday, snapping a five-session falling streak.
  • 1.22 crore equity shares exchanged hands in three large trades on the National Stock Exchange, with the price range of Rs 56.3 to Rs 56.66 per share.
  • The resignation of Ishwar Chand Mangal, chief executive officer of new business, also took place recently.
  • Suzlon Energy's Q2 results show that revenue is up 48.0% to Rs 2,103.38 crore, net profit is up 96% to Rs 200.60 crore, and EBITDA is up 31% to Rs 294.18 crore.

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