Monday, August 3, 2009

Suzlon shares fall 4 pc on poor earnings

Shares of wind turbine maker Suzlon Energy today fell by over four per cent on the Bombay Stock Exchange after the company reported a loss of Rs 452 crore for the first quarter of 2009-10.

The scrip closed at Rs 95.65 on BSE, down by 4.11 per cent over the previous close. It had plunged by 9.02 per cent to an intra-day low of Rs 90.75.

On the National Stock Exchange, the stock closed lower by 4.16 per cent at Rs 95.65.

The company has reported a net loss of Rs 452.67 crore for the first quarter ended June 30 due to lower sales volumes.

On the volume front, over 6.21 crore shares exchanged hands on NSE and 2.1 crore shares were traded on BSE.

The BSE 30-share Sensex closed at 15,924.23 points, up 253.92 points over the previous close.

No comments: