news on suzlon Energy

Suzlon Energy Ltd

	Additional order energies Suzlon Energy Wednesday, April 02, 2008
	Meanwhile, the BSE Sensex was up 325.72 points, or 2.09%, to 15,953.67 on positive cues from global markets. US stocks rallied on Tuesday, 1 April 2008, after Lehman Brothers said it raised $4 billion in an offering of convertible preferred shares, which soothed fears it was heading for a fate similar to that of Bear Stearns. On BSE, 28.51 lakh shares were traded in the counter. The scrip had an average daily volume of 13.24 lakh shares in the past one quarter. The stock hit a high of Rs 296 and a low of Rs 283.35 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 186.40 on 3 April 2007. The large-cap scrip had outperformed the market over the past one month till 31 March 2008, declining 6.29% compared to the Sensex's fall of 11%. It had however underperformed the market in the past one quarter, declining 32.43% compared to Sensex's decline of 22.94%. The company's current equity is Rs 299.38 crore. Face value per share is Rs 2. The current price of Rs 290.10 discounts its Q3 December 2007 annualized EPS of Rs 9.04, by a PE multiple of 32.09. The original contract was for delivery of 400 mega watt (MW) of turbine capacity in 2008 and 2009, and now has been expanded to include an additional 200 MW in 2009. Suzlon Energy's net profit rose 91.9% to Rs 338.18 crore on 49.7% growth in net sales to Rs 1654.96 crore in Q3 December 2007 over Q3 December 2006. Suzlon Energy provides customers with total wind power solutions.

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Rohit Saxena
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Mail Id: rohit_9sep@indiatimes.com