Suzlon Energy Share Price Today Live Updates 31 July 2024: Suzlon share price rises over 2%; hits ₹70 mark

Major stocks that hit a 52-week high on the NSE today include Suzlon

Torrent Power (16.22%), NCC (5.23%), GAIL(4.27%), TTK Prestige (3.94%), Persistent Systems (3.41%), Suzlon (2.45%), TVS Motor (2.09%), Sun TV (1.89%)

Suzlon Energy share price update

Suzlon Energy stock climbed 2.23% on the NSE, trading at ₹69.74 as at 11.13 am. The stock has hit a new high at ₹70.89.

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Suzlon Energy shares rose about 2% 

Suzlon Energy stock rose 1.74% on the NSE to trade at ₹69.41 as at 10.05 am.

NSE issued warning letter to Suzlon for disclosure lapses

The NSE has issued a warning letter to Suzlon Energy Ltd for non-compliance with disclosure rules.

In its letter to Suzlon, NSE observed that a disclosure of an analyst’s call of the company held on November 6, 2023, was submitted to the exchange on the same day.

The disclosure seems to be at shorter notice as required under the Sebi’s LODR (listing obligations and disclosure requirements) rule, the letter dated July 29 said.

The LODR rule requires a listed entity to inform the schedule of analysts or institutional investors to meet at least two working days in advance (excluding the date of intimation and date of meet).

“The aforesaid non-compliance on your part is viewed seriously. You are, hereby, warned and advised to be careful in future, exercise due caution and initiate corrective steps to avoid the recurrence of such lapses so as to ensure due compliance with the applicable provisions of SEBI LODR,” the NSE said.

It further said that any aberration in future on the part of the company would be viewed seriously, and appropriate action would be initiated.

(PTI)

Suzlon Energy stock traded in the upper circuit on Tuesday’s trade.