Suzlon Energy soared 9.08% to Rs 269.65 at 15:11 IST on BSE after reports that its unit REpower Systems has bagged an order to supply 100 wind turbines to US-based enXco.
Meanwhile, the BSE Sensex was up 258.51 points, or 1.70%, at 15778.48.
On BSE, 20.73 lakh shares were traded in the counter. The scrip had an average daily volume of 23 lakh shares in the past one quarter.
The stock hit a high of Rs 272.50 and a low of Rs 245.50 so far during the day. The stock had a 52-week high of Rs 460 on 9 January 2008 and a 52-week low of Rs 220.10 on 7 March 2008.
The scrip had underperformed the market over the past one month till 4 June 2008, slipping 13.54% compared to the Sensex’s 10.70% decline. It had, however, outperformed the market in the past one quarter, adding 4.02% compared to Sensex’s 6.21% fall.
India’s largest wind turbine maker by sales has an equity capital of Rs 299.38 crore. Face value per share is Rs 2.
The current price of Rs 269.65 discounts its Q4 March 2008 annualised EPS of Rs 12.89, by a PE multiple of 20.91.
The net profit of Suzlon Energy rose 10.2% to Rs 482.55 crore on a 33.5% rise in sales to Rs 2744.50 crore in Q4 March 2008 over Q4 March 2007.
Suzlon Energy holds 33.6% stake in REpower Systems. In May 2007, Suzlon Energy had acquired REpower which is one of Germany’s biggest wind-turbine makers and one of the world’s leading companies in wind energy sector.
Suzlon Energy provides customers with total wind power solutions.
Meanwhile, the BSE Sensex was up 258.51 points, or 1.70%, at 15778.48.
On BSE, 20.73 lakh shares were traded in the counter. The scrip had an average daily volume of 23 lakh shares in the past one quarter.
The stock hit a high of Rs 272.50 and a low of Rs 245.50 so far during the day. The stock had a 52-week high of Rs 460 on 9 January 2008 and a 52-week low of Rs 220.10 on 7 March 2008.
The scrip had underperformed the market over the past one month till 4 June 2008, slipping 13.54% compared to the Sensex’s 10.70% decline. It had, however, outperformed the market in the past one quarter, adding 4.02% compared to Sensex’s 6.21% fall.
India’s largest wind turbine maker by sales has an equity capital of Rs 299.38 crore. Face value per share is Rs 2.
The current price of Rs 269.65 discounts its Q4 March 2008 annualised EPS of Rs 12.89, by a PE multiple of 20.91.
The net profit of Suzlon Energy rose 10.2% to Rs 482.55 crore on a 33.5% rise in sales to Rs 2744.50 crore in Q4 March 2008 over Q4 March 2007.
Suzlon Energy holds 33.6% stake in REpower Systems. In May 2007, Suzlon Energy had acquired REpower which is one of Germany’s biggest wind-turbine makers and one of the world’s leading companies in wind energy sector.
Suzlon Energy provides customers with total wind power solutions.
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