Suzlon Energy hits 1-year high, up by 8 per cent
DSIJ Intelligence / 22 May 2017
India’s turbine supplier major, Suzlon Energy hit its 52-week high Rs 22.25 in early trade on May 22, 2017. The stock was up by a over 8 per cent in the early trade driven by the turnaround announced in the company’s fourth quarter results.
India’s turbine supplier major, Suzlon Energy hit its 52-week high Rs 22.25 in early trade on May 22, 2017. The stock was up by a over 8 per cent in the early trade driven by the turnaround announced in the company’s fourth quarter results.
The company reported a net profit of Rs 579 crore in the Q4FY17 against a loss of Rs 333.9 crore in the same quarter in the previous year. Furthermore, the company’s revenue was up by 54 per cent at Rs 4,999 crore in the Q4FY17 from Rs 3,246 crore in the previous year.
The operating profit (EBITDA) had increased by 184 percent at Rs 1032.8 crore for the last quarter of FY17 and EBITDA margin was up 950 bps at 20.7 percent for the same period.
At 10:15 hrs IST, Suzlon Energy was trading at Rs 21, up by 2.19 percent on the BSE, on May 22, 2017.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.