Suzlon Energy shares crash 10% as Nuvama, others slash target prices after Q2 margins disappoint. What lies ahead?
The Economic Times ·
After Suzlon Energy's quarterly results for September were unveiled, its shares fell nearly 10%. The company faced a staggering 69% decline in net profit, despite enjoying a 26% increase in revenue from wind turbine deliveries. Nuvama raised flags regarding lower-than-expected EBITDA margins, likely…