Equity Alert: Suzlon Energy dn 2%; co denies mkt talk CFO may quit

[K.Karthik Raja]

Equity Alert: Suzlon Energy dn 2%; co denies mkt talk CFO may quit
MUMBAI--11:10AM--Suzlon Energy was down 2% at 291 rupees,
extending its
decline for the second straight session. The stock had ended down 3%
in the
previous session.
A section of the market is of the view that the unexpected
resignation of
the company's chief executive officer Andre Horbach Monday has hit
sentiment for
the stock.
Also, there are rumours in the market the company's chief
financial officer
may quit, dealers said. However, the company has denied this rumour.
"Kirti Vagadia continues to be the head of corporate finance and
our
interim CFO. At a later stage, if we find a suitable candidate for the
post of
CFO, he may go back to handling a supervisory position," a company
spokesperson told NewsWire18.
Technical analysts see support for the stock around 260-270 rupees
for
the session, and around 230 rupees in the near-term.
So far, 1.3 mln Suzlon shares have been traded on NSE. May futures
of the
stock were at a 1 point premium to the spot.
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