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Suzlon Energy gains after block deal

Suzlon Energy gains after block deal


The stock of Suzlon Energy was trading up by 0.29% post lunch hours on Wednesday’s intra-day after block deal. The stock witnessed a spurt in volume by more than 2.10 times.

The stock witnessed 31 lakh shares trade in a block on the BSE at Rs 17.40 per share.

Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs 5 crore, executed through a single transaction, on the special block deal window.

Suzlon Energy was trading at Rs 17.45, up by 0.29% as at 0200 hours on BSE. The stock attracted a traded volume of 4,25,02,421 shares and traded value of Rs 7,416.67 lakh on the NSE.

Suzlon Energy Limited is a provider of renewable energy solutions. The Company is a producer of wind turbines.

Stock view:

Suzlon Energy Ltd is currently trading at Rs 17.4, down by Rs 0 or 0% from its previous closing of Rs 17.4 on the BSE.

The scrip opened at Rs 17.55 and has touched a high and low of Rs 17.7 and Rs 17.1 respectively. So far 60295432(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 9205.99 crore.

The BSE group ‘A’ stock of face value Rs 2 has touched a 52 week high of Rs 22.25 on 22-May-2017 and a 52 week low of Rs 12.47 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 17.7 and Rs 14.5 respectively.

The promoters holding in the company stood at 20.28 % while Institutions and Non-Institutions held 19.28 % and 60.27 % respectively.

The stock is currently trading below its 100 DMA.

Source: indiainfoline
Anand Gupta Editor - EQ Int'l Media Network


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