Investors will likely keep a close watch on the Suzlon Energy counter when the markets open on Monday, following a weekend packed with regulatory updates and strategic expansion announcements. The renewable energy major’s shares ended Friday’s session on a positive note, closing 1.77% higher at Rs 51.75 on the BSE, up from the previous close of Rs 50.85. Advertisement

In a regulatory filing with the exchanges on December 5, after market hours, Suzlon informed about an order from the Gujarat State Tax authorities. The case pertained to a penalty originally imposed on Suzlon Global Services Limited—a wholly owned subsidiary that has since merged with the company.

The Deputy Commissioner of State Tax, Appeal, Gandhidham, accepted the company's submission regarding the contravention of e-wa

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