Suzlon Energy slips nearly 2% on BSE

Posted By: Religare
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Suzlon Energy slips nearly 2% on BSE
Selling pressure by the investors led the shares of energy major Suzlon Energy Ltd to trade with a decline of 1.97 per cent at Rs 17.95 at 12.19 AM after touching a low of the Rs 17.65, down by 3.55 per cent during the day's trade on the Bombay Stock Exchange.

This decline in the share price was in line with the broader market movement. Surprisingly, the positive news of the step-down wholly owned subsidiary of the company, RE power bagging a 22MW order in Portugal also could not cheer the investors' sentiments. This is the second order bagged by the company within a week.

Additionally, the order would also help the company to strengthen its foothold in the overseas market.

In a similar fashion, shares of the company were trading at Rs 17.90, down 1.92 per cent on the National Stock Exchange at 12.23hrs.

Meanwhile, the broader benchmark Sensex was quoting at 15,688.96, down 168.12 points at 11.23 hours.

Dion Global Solutions Ltd

Read more about: suzlon, bse, nse
Story first published: Friday, January 6, 2012, 23:33 [IST]
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