Shares of Suzlon Energy, Jindal Stainless and Rolta India have more than doubled from their respective 52-week lows touched in February 2019.
Suzlon Energy has rallied 26 per cent to Rs 7.52 apiece on Tuesday on back of heavy volumes. Till 12:14 pm; a combined 170 million shares representing 3 per cent of total equity of the company changed hands on the NSE and BSE so far.
The stock of renewable power solutions provider zoomed 179 per cent from its record low level of Rs 2.70 hit on February 5, in intra-day trade. Suzlon Energy was under pressure on debt default rumours. However, the company clarified that none of the shares of the promoters held in the company have been invoked.
