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.