Suzlon Share Price | Important update on Suzlon company, share price will be affected – NSE: SUZLON
Suzlon Share Price | Suzlon Energy Limited was in news on Wednesday. Stock Wednesday, October 23 (NSE: SUZLON) was trading at Rs 68.85, up 0.42%. On Thursday, October 24, the stock had closed at Rs 70.22, up 1.99 per cent. (Suzlon Energy Limited Company Excerpt)
The stock has fallen 16.94% in the last one month. The action against Suzlon Energy Limited Company has increased the concern of investors. A few days ago, NSE had issued a warning letter to Suzlon Energy Company. However, the company said that this news will not have any impact on the shares of Suzlon Energy Limited Company. On Friday (25 October 2024), the stock was trading at Rs 66.6, down 3.64%.
What action will be taken against the company
The Office of the Commissioner of Indirect Taxes and Customs, Hyderabad has imposed a penalty of Rs 4,158 for variation in input tax credit under Section 74 of the GST Act, 2017. The wind power major received the penalty order on October 22, 2024, following an audit conducted by Superintendent SAG-41, Audit-1, Hyderabad, Telangana. The amount of the penalty is nominal and will not have any impact on the financial operations or share price of Suzlon Company.
How much return did the stock give?
Suzlon Energy Limited Company stock has given a return of 64.52% in the last 6 months. The stock has given a return of 116.51% over the last year. The stock has given a return of 2,842.31% in the last 5 years. The stock has returned 78.83% on a YTD basis. The total market cap of the company is Rs 93,199 crore.
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