The stock finally settled at Rs 96, down 4%. The stock dropped 10% in the past week.
Over 21 million shares were traded on the BSE today.
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(Updated at 1006 hrs)
Suzlon has dropped sharply in early trades following a loss in Q1.
The stock opened in the red at Rs 94.40 and touched a high of Rs 96.50. However, it slipped 9% to a low of Rs 90.75. The stock is trading near its low and is now down 8% at Rs 91.95. Over 2.68 million shares have been traded on the BSE so far.
The company reported a consolidated net loss of Rs 452.67 crore in Q1FY10 as against its profit of Rs 9.30 crore in the corresponding quarter a year ago. Total income, however, has increased 33% to Rs 4,171.35 crore in the quarter ended June 30, 2009 from Rs 3,126.97 crore in Q1FY09.
