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The exchange has once again taken a big decision regarding Suzlon. Its effect is visible on the stock. Last week, the exchange also gave a warning to the company. Experts had told that NSE and BSE have received a notice from the Securities and Exchange Board of India (SEBI). This notice has been sent due to not fulfilling the disclosure rules on time. This notice has been sent by different exchanges on 30 September and 1 October.
Now the exchange has changed the circuit limit of Suzlon Energy's stock. Earlier, a circuit was applied on the stock if it rose 5 percent or fell 5 percent. Now this limit has been increased to 10 percent. If the stock rises, a circuit will be applied as soon as it reaches 10 percent. Whereas, if there is a decline, trading will be stopped if the stock falls by 10 percent.
The company's stock has returned to its bullish trend after a long time. The stock opened at Rs 74.59 on 9 October 2024 against the closing price of Rs 73.64. After this, the stock again gained momentum. It crossed Rs 80.
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