Suzlon Energy shares hit record low on Q1 loss

SUZLON-ENERGY-SHARES:Suzlon Energy shares hit record low on Q1 loss

Shares in Suzlon Energy slumped to a record low on Tuesday, a day after the company said it swung to a net loss in the April-June quarter.

Suzlon said late on Monday it posted a net loss of 8.49 billion rupees for quarter ended June 30, compared with a profit of 601.2 million rupees in the same period a year ago.

Suzlon shares were down 5.1 percent, after slumping as much as 9 percent to a record low of 16.10 rupees earlier.