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Tuesday, August 9, 2011

Suzlon -What a fall !

Suzlon share plummeted 22% in 4 consecutive trading sessions. The stock started its southward journey a couple of days back on the news of Suzlon’s subsidiary Suzlon Rotors being fined $ 4,90,000 on charges of violating pollution control norms at its wind turbine plant in US and since then it has been continuously falling.
Besides this stock shows some sort of proportionality with the crude price which has fallen16% in last 10 days on global economic concerns.


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