Suzlon freezes at 5% upper limit, hits 6-year high; up 25% over QIP price

Shares of Suzlon Energy hit over six-year high after as they were locked in the 5 per cent upper circuit at Rs 21.93 on the BSE in Wednesday’s intra-day trade backed by heavy volumes in an otherwise subdued market. The stock of wind turbine maker was trading at its highest level since May 2017.

Till 10:13 AM; a combined 181.92 million shares had changed hands and there were pending buy orders for 15.22 million shares on the BSE and NSE. In comparison, the S&P BSE Sensex was down 0.08 per cent at 65,166.