Suzlon Energy freezes at 20% upper circuit on heavy volumes

Shares of Suzlon Energy were locked in the 20 per cent upper circuit at Rs 10.57 on the BSE in Monday’s intra-day trades amid heavy volumes. The average trading volumes at the counter jumped 1.5 times with a combined 228 million equity shares changing hands in less than an hour of trades on the NSE and BSE. There were pending buy orders for a combined 45.83 million shares on both the exchanges, data shows. In comparison, the S&P BSE Sensex was up 0.6 per cent at 59,160.

Suzlon Energy on September 5, 2022 said that inadvertently; SBICAP Trustee had mentioned name of ‘Adani Green Energy Limited’ as the ‘Target Company’ in its reporting, instead of ‘Suzlon Energy Limited’.