BSE places Suzlon Energy under surveillance; stock soars 301% in one year
BSE placed the Suzlon Energy stock under surveillance in the morning session on Thursday (November 7, 2023).The shares were trading higher by 1.34 per cent, or Rs 0.52, at Rs 39.45 each when BSE put the stock under ASM LT Stage 4 surveilance.The stock closed at Rs 38.93 on Wednesday to open at Rs 38.95 on Thursday before hitting the day’s high of Rs 39.98.TRENDING NOWWhat is an F&O ban? How does it impact stock prices?Dalmia Bharat, Balrampur Chini Mills: Sugar stocks decline in trade; here is what you need to knowOil stocks on fire even as Citi sees much fuel left in themIndia logs 121 new covid cases in a dayDunzo fails to pay Nov salaries to its present employees: ReportBSE places Suzlon Energy under surveillance; stock soars 301% in one yearISRO lines up one LVM3, six PSLV, three GSLV for launch in 2024Auto Stocks in Focus: Maruti Suzuki scales an all-time high; Tata Motors hits a 52-week high as auto stocks rallyEntrepreneur’s planner: Expert shares 5 effective strategies for business owners to adeptly prepare for emergenciesPatanjali Foods, Thomas Cook, and MMTC shares rise after price band revisionRenewable energy capacity to reach 170 GW by March 2025 on moderation in module prices: ICRA AnalystIrcon International’s OFS for non-retail investors kicks off; stock plummets over 8%Telangana Election Result: Revanth Reddy swears in as Telangana’s Chief MinisterPower Grid Corporation shares hit 52-week high for second sessionPM Narendra Modi to address fintech event Infinity Forum 2.0The Suzlon stock has shown outstanding growth in the last one year. It has skyrocketed 174.31 per cent in the six months, 268.47 per cent year to date and 301.42 per cent in the one year.It has outperformed the benchmark Nifty 50 comprehensively, which has risen 11.62 per cent in the six months, 14.86 per cent YTD and 12.62 per cent in the one-year period.BSE places a company under ASM LT Stage 4 surveillance, whenAverage daily Volume in a month is ≥ 10,000 shares & > 500% of Average volume in preceding 3 months at BSE & NSE.ANDConcentration of Top 25 clients account ≥ 25% of combined trading volume of BSE & NSE in the stock in last 30 days.ANDAverage Delivery% is Rs.500 Crore.ANDClose–to–close price variation (based on corporate action adjusted prices) in last one month is > (50% + Beta (β) of the stock * S&P BSE Sensex variation).The stock of Suzlon Energy ended the trading session on Thursday higher by 0.69 per cent, or Rs 0.27, at Rs 39.20.(With inputs from BSE)
