Bank Nifty Tips - Suzlon Energy shares surged over 12 per cent to an intraday high of Rs. 24.55 on this Monday after India's largest wind turbine manufacturer reported a profit in the first quarter.
Suzlon Energy reported a net profit of Rs. 1,047 crore for the April-June quarter, against a net loss of Rs. 751 crore in the corresponding quarter of last tax. Suzlon's Q1 gain were improve by unusual gain of Rs. 1,314 crore, which the company booked as currency translation gains on account of disposal of its subsidiary Senvion SE to Centerbridge Partner LP.
Suzlon Energy reported a net profit of Rs. 1,047 crore for the April-June quarter, against a net loss of Rs. 751 crore in the corresponding quarter of last tax. Suzlon's Q1 gain were improve by unusual gain of Rs. 1,314 crore, which the company booked as currency translation gains on account of disposal of its subsidiary Senvion SE to Centerbridge Partner LP.
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