Suzlon Energy Ltd Slips 2.4%
Suzlon Energy Ltd has added 23.53% over last one month compared to 13.53% gain in BSE Capital Goods index and 1.23% rise in the SENSEX
Suzlon Energy Ltd fell 2.4% today to trade at Rs 69.51. The BSE Capital Goods index is down 0.09% to quote at 71147.43. The index is up 13.53 % over last one month. Among the other constituents of the index, Larsen & Toubro Ltd decreased 0.79% and NBCC (India) Ltd lost 0.6% on the day. The BSE Capital Goods index went down 3.49 % over last one year compared to the 6.57% surge in benchmark SENSEX.
Suzlon Energy Ltd has added 23.53% over last one month compared to 13.53% gain in BSE Capital Goods index and 1.23% rise in the SENSEX. On the BSE, 16.8 lakh shares were traded in the counter so far compared with average daily volumes of 141.52 lakh shares in the past one month. The stock hit a record high of Rs 86.04 on 12 Sep 2024. The stock hit a 52-week low of Rs 45.13 on 05 Jun 2024.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
15 minutes ago
- Economic Times
Centre nudges Indian carriers to invest in crisis-hit Air Mauritius amid strategic push in Indian Ocean
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Centre has asked carriers to consider a strategic investment in Air Mauritius , the financially strapped national carrier of the African island nation, people aware of the development said. The nudge from the government comes as that airline battles a financial crisis , with a negative equity of $237 million (Rs 2,035 crore).A government official said the move came after the ministry of external affairs got a request from the Mauritian government for a potential strategic investment. It also asked for an increase in flights by Indian carriers to its capital, Port Louis, the person said.'To cut losses, Air Mauritius has restructured its network, as part of which it significantly cut flights to India,' the official said. 'Indian carriers have been asked to launch more flights to cover the shortfall. The airline is also seeking to raise funding by selling equity, so Indian airlines are being requested to consider that, (but) only if it suits their business interest.'Airport Holdings (AHL), controlled by the Government of Mauritius, has a 99% stake in the airline. AHL recently converted Rs 1,500 crore of debt into equity as part of the carrier's financial restructuring. Earlier this year, Mauritius Prime Minister Navin Ramgoolam said the carrier was technically insolvent, casting doubt over its airline, which earlier operated two weekly flights between Port Louis and Delhi, had considered axing them but then decided to reduce it to one a week, while increasing fares significantly. Spokespersons of the ministry of civil aviation and Air Mauritius didn't respond to queries on the airline executives said they are unlikely to be interested in investing in a market that's not a significant source of passengers for them. Besides, they are in the midst of executing their own ambitious expansion Minister Narendra Modi was chief guest at Mauritius' National Day celebrations earlier this year. During his visit, Ramgoolam asked Indian investors to explore opportunities in the island nation, underlining that their participation is 'vital' for its economic growth. Last year, India built an airstrip and a jetty at Agaléga island in that country. Air India held about 8% of Air Mauritius before the former was privatised in said Mauritius is of strategic interest to India due to its location on the maritime routes of the Western Indian Ocean Region (WIOR). Geopolitical competition over the region has intensified. China has a military base in Djibouti and extended its engagement with and presence in Mauritius and other island nations, according to Samir Bhattacharya, associate fellow at Observer Research Foundation.'Given its diplomatic, cultural and commercial connections in the region, India considers the WIOR a part of its extended neighbourhood,' he wrote recently. 'Despite geographically being part of Africa, New Delhi categorises both Mauritius and the Seychelles under the Indian Ocean Region division, alongside more proximate states such as Sri Lanka and the is therefore keen to safeguard its influence against Beijing in this region.' While Mauritius is geographically well positioned to attract transit traffic between Africa and Asia, a fast-growing market, competition has surged. That's made it difficult for Air Mauritius to succeed at developing a new east-west hub while maintaining Air India absorbed Vistara last November, the airline has increased flights, managing to win a portion of the traffic from Air Mauritius while IndiGo continues to capture a significant share of that market. Additionally, Middle East carriers such as Emirates have a strong presence on the route.
Indian Express
18 minutes ago
- Indian Express
UPSIDA nod for industrial park in Saharanpur
As part of the Industrial Investment and Employment Promotion Policy-2022, a Rs 70 crore private industrial park in Saharanpur has been approved by the scrutiny committee, chaired by Uttar Pradesh State Industrial Development Authority (UPSIDA) CEO Mayur Maheshwari. The project would feature modern infrastructure including roads, power, water supply, and green zones, a statement issued on Wednesday said. The park will comprise 21 industrial plots, paving the way for the establishment of diverse industrial units. The project is expected to create direct and indirect employment for around 700 persons it said. UPSIDA CEO Mayur Maheshwari said, 'The Industrial Policy-2022 is providing new momentum to industrial growth through active private sector engagement. This project will not only strengthen local industries in Saharanpur, but also enhance Uttar Pradesh's appeal as an investment hub for surrounding regions. UPSIDA remains committed to ensuring a transparent, business-friendly, and employment-oriented environment.'
Time of India
34 minutes ago
- Time of India
Address mismatch stalls farmer ID drive in Telangana
Hyderabad: A new initiative to assign unique identification numbers to farmers for accessing central govt schemes has hit a major roadblock in Telangana, leaving thousands unable to register due to a mismatch between their Aadhaar and land passbook addresses. Tired of too many ads? go ad free now According to senior officials, the issue arises when a farmer owns agricultural land in one place — often a remote village — but resides in a town, city, or in Hyderabad. Their Aadhaar card lists the urban address, while the land passbook reflects the village location. This discrepancy is causing the agriculture department's software to reject applications, preventing successful linkage of land records to the new farmer IDs. Even when farmers manage to receive the OTP (one-time password) required for verification, upload errors are commonly reported. The system currently mandates that addresses on both documents match exactly, a condition many farmers are unable to meet. Frustrated applicants are now calling for relaxation of the rules, fearing that continued technical hurdles could exclude them from key central schemes such as PM Kisan, crop insurance, and a 60% subsidy for fruit, vegetable, and silk farming. While 19 states have already completed the registration process and submitted data to the Centre, Telangana lags far behind. As per official figures, only about 30% of eligible farmers have successfully registered. Agriculture officers are now working to complete registrations by June 6, after which MeeSeva centres will also facilitate the process. The goal of the unique farmer ID system is to streamline benefit delivery, reduce fraud, and ensure faster compensation— especially in cases of natural calamities or crop failure. Tired of too many ads? go ad free now Officials say the ID will help verify eligibility without requiring farmers to visit government offices during emergencies. In Telangana, there are more than 70 lakh landholding farmers, of whom around 40 lakh currently receive Rs 2,000 in three annual instalments under PM Kisan. The state agriculture department has clarified that the unique ID will not affect state-run welfare programmes like Rythu Bharosa or loan waivers, which will continue to rely on data maintained by the revenue department. Still, officials are urging all farmers to proactively register with local agriculture offices to avoid missing out on central benefits.
