Suzlon Energy -Strong Q3 numbers

Strong Q3 numbers electrify Suzlon Energy

Suzlon Energy rose 4.7% to Rs 330 at 10:30 IST on BSE on posting 91.89% rise in net profit to Rs 338.18 crore in Q3 December 2007 over Q3 December 2006.

The company announced the results during the market hours today, 29 January 2008.

Meanwhile, BSE Sensex was up 223.85 points or 1.23% to 18,375.20 as Asian markets edged higher tracking overnight gains in US stocks.

On BSE, 3.8 lakh shares were traded in the counter. The stock had an average daily volume of 2.15 lakh shares in the past one quarter.

The stock hit a high of Rs 338.15 and a low of Rs 316.10 so far during the day. The stock had hit a 52 week high of Rs 460 on 9 January 2008 and a 52 week low of Rs 186.40 on 3 April 2007.

The large-cap scrip had underperformed the market over the past one month till 28 January 2008, declining 17.23% as compared to the Sensex’s fall of 10.17%. It also underperformed the market in the past one quarter, declining 20.5% as compared to the Sensex’s fall of 8.24%.

The company’s current equity is Rs 299.38 crore. Face value per share is Rs 2.

The current market price of Rs 330 discounts its Q2 September 2007 annualised EPS of Rs 9.88 by a PE multiple of 33.40.

The company’s total income rose 49.47% to Rs 1,683.16 crore in Q3 December 2007 over Q3 December 2006.

Suzlon Energy provides customers with total wind power solutions.