Suzlon makes a rebound on the new order

Suzlon makes a rebound on the new orderThe energy major in the country, Suzlon has recently made a perfect comeback on the bourses after reporting early loss in its share price. The stock price of the company rose by .35% standing at Rs. 56.75 at 10.05 AM IST.

It is to be mentioned here that the stock of the company moved northwards after reporting that it has won a order of 202.2 MW wind power project from the Kolkata based Techno Electric Group. The valuation of the contract is expected to be somewhere around Rs. 1150 crore mark.

While the stock price of the company fell by close to .79%, the news of this bagging of the contract made the stock price move up quickly.

On the other end, the sensex moved up by 128.98 points or .65% to 20,035.08. It may be noted here that the stock price of the company has outperformed the markets over the past one month and it has gained close to 14.45% as compared to the 8.17% jump registered by the markets.

For the record, the equity capital of the large cap wind turbine maker stands at close to Rs. 349.8 crore.