Business2 sources

Suzlon Energy shares drop significantly after Q2 results

  • Suzlon Energy shares dropped 8% after Q2 results fell short of margin expectations.
  • Shares of Suzlon Energy crashed nearly 10%, hitting a fresh 52-week low.
  • Nuvama and others slashed target prices due to disappointing Q2 margins.
  • Despite high growth in sales, Suzlon Energy's profit and EBITDA missed estimates.
  • Suzlon Energy announced its Q2 earnings on Thursday, leading to the share price drop on Friday.
Suzlon Energy shares drop significantly after Q2 results | Split Angle