Suzlon Energy is currently trading at Rs. 16.25, up by 0.40 points or 2.52% from its previous closing of Rs. 15.85 on the BSE.
The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.45 and Rs. 15.90 respectively. So far 30,00,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 28.00 on 06-Aug-2015 and a 52 week low of Rs. 12.80 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 16.45 and Rs. 15.00 respectively. The current market cap of the company is Rs. 8,158.00 crore.
The promoters holding in the company stood at 21.02% while Institutions and Non-Institutions held 23.10% and 55.66% respectively.
Wind turbine maker Suzlon is reportedly aiming to achieve 40% market share in FY17, up from 26% last year. The company is reorienting by venturing into solar power, re-powering its old sites and eying high growth markets like US and emerging markets such as China, Brazil, South Africa, Turkey and Mexico in the next five years.
The company’s consolidated net loss narrowed down to Rs 270.55 crore for the quarter ended March 31, on higher sales and lower expenses. For the entire FY16, the company posted a net profit of Rs 482.59 crore, against a net loss of Rs 9,157.69 crore in the previous financial year.
