Shares of renewable energy solutions provider Suzlon plunged over 20 per cent intra-day on Monday. Investors pressed the sell button on the stock on reports that Danish Vestas Wind Energy has withdrawn from its agreement to buy a stake in the debt-ridden firm. The stock of Suzlon Energy, which touched a 52-week low of ₹2.7 on February 5, hit a high of ₹8.4 on March 6 on rumours of an agreement to pare stakes to Vestas to reduce debt. On Monday, after touching an intra-day low of ₹3.95, the stock finally settled at ₹4.68, down 10.64 per cent, on the BSE. On the volume front, 91.51 lakh shares changed hands on the day, against the two-week average of 40.29 lakh shares.
