Suzlon Energy was locked at 10% lower circuit at Rs 20.40 at 11:31 IST on BSE after fresh shares allotted on conversion of foreign currency convertible bonds of the company were admitted to trading today, 19 September 2014.
Meanwhile, the S&P BSE Sensex was up 11.97 points or 0.04% at 27,124.18.
On BSE, so far 17.15 lakh shares were traded in the counter as against average daily volume of 23.45 lakh shares in the past two weeks.
The stock hit a high of Rs 21.60 so far during the day. The stock had hit a 52-week low of Rs 6.25 on 23 September 2013. The stock had hit a 52-week high of Rs 36.80 on 12 June 2014.
Suzlon Energy had allotted 27.03 crore equity shares of Rs 2 each allotted at a price of Rs 15.46 per share pursuant to conversion of foreign currency convertible bonds (FCCBs) of the company.
Suzlon Energy reported a consolidated net loss of Rs 750.74 crore in Q1 June 2014, lower than net loss of Rs 1058.90 crore in Q1 June 2013. Net sales rose 20.6% to Rs 4643.01 crore in Q1 June 2014 over Q1 June 2013.
The Suzlon Group is ranked as the world's fifth largest wind turbine supplier, in terms of cumulative installed capacity and market share, at the end of 2013. The company's global spread extends across Asia, Australia, Europe, Africa and North and South America with over 24,000 MW of wind energy capacity installed, operations across over 31 countries and a workforce of over 10,000. The Group -headquartered at Suzlon One Earth in Pune, India -comprises Suzlon Energy and its subsidiaries, including Senvion SE.
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