Suzlon’s wrost slump since 2014 revives debt concern

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Suzlon energy had its sharpest five day plung in 16 month this week reviving concern the wind turbine maker behind india’s biggest corporate default may again face difficulty with its debts .The stock fell 22% to 15.75 rupees this week in mumbai the most since september 2014 when new share begain trading that were converted from bonds sold by company based in Pune India,The concern is not over operating performance of company and order inflow said Tushar Pendharkar of wealth management firm Right Horizion investment advoisery and wealth management the market reaction could be over balance sheet health A Suzlon said in an emailed response to question that the share price movment is temporary and not linked to fundamental and that the company is is in a very different position .

 

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