India's Sterling and Wilson slumps on block deal

Sterling and Wilson Renewable Energy

17/10/2023 08:31

** Shares of Sterling and Wilson Renewable Energy  STEN.NS 
down as much as 5% to 280.3 rupees, their lowest since Aug. 2 
    ** STEN hits sharpest intraday pct loss since March 16 
    ** Around 230,335 shares changed hands in one block deal for
280.3 rupees per share, as per LSEG data 
    ** Stock lost ~11% as per last close, after India Ratings
and Research (Ind-Ra) cut STEN's ratings on Oct 10, to IND D
from IND BB- 
    ** Overall 840,590 shares changed hands as of 12:55 p.m.
IST, 0.6x 30-day avg
    ** Stock last down 5%, up 10.4% YTD as of last close 

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))