Suzlon stock up 10% on RIL stake buy talk

Sep 3, 2010 at 1:30 AM
MUMBAI: Amid a volatile sensex session on Thursday, shares of Suzlon Energy shot up by 10% on the back of a report that Mukesh Amabani’s Reliance Industries may buy a stake in the company. When contacted, both companies denied the report.

The wind power major was trading within a slim range, except for the last hour of trade where it touched the weekly high of Rs 53 up by 14% of previous close. The share price at the end of the session settled at Rs 51, up 10%. Index heavyweight RIL s ended with a marginal gain of 0.1% at Rs 937. The sensex ended flat, up 0.2% or 32 points at 18,238. It touched an intra-day high of 18,356 and an intra-day low of 18,215. The nifty was up 14 points.

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