Suzlon Energy Shares Price Surge 20% To Hit Upper Circuit

Suzlon Energy shares surge 20% to hit upper circuit

Shares of Suzlon Energy on Monday surged as much as 19.98 per cent to hit the upper circuit, at Rs 10.57

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The stock has been again locked in the upper band during afternoon deals after slipping from its day's high in late morning trade.

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Suzlon has been on the upward move for the past few days.

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SBICAP Trustee had mentioned the name of 'Adani Green Energy Limited' as the ‘Target Company’ in its reporting, instead of 'Suzlon Energy Limited.

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The market capitalisation (m-cap) of Suzlon rose to Rs 10,346.84 crore on BSE. A total of 1264.90 lakh shares of the firm changed hands amounting to a turnover of Rs 131.14 crore.

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"SBICAP Trustee is acting as trustees for the benefit of REC led consortium" said Suzlon

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Meanwhile, Suzlon posted a multi-fold rise in its net profit, at Rs 2,432.55 crore, in the June quarter compared to the year-ago period, helped by exceptional gains

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The consolidated net profit of the company was Rs 3.64 crore in the quarter that ended June 30, 2021.

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The total income of the renewable energy solutions provider rose to Rs 1,383.47 crore in the quarter from Rs 1,148.61 crore a year ago

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