Surana Solar Drops After Rakesh Jhunjhunwala Denies Buying Stake

Mumbai: Shares in Surana Solar Ltd dropped 13.6 per cent on Wednesday, more than reversing steep early gains, after widely-followed investor Rakesh Jhunjhunwala denied exchange data showing he had bought the stock. Earlier, the shares rose as much as 17.4 per cent after data from the National Stock Exchange (NSE) showed Mr Jhunjhunwala had bought 256,500 shares, or 0.5 per cent of the outstanding shares, in Surana Solar on Tuesday. ...