Suzlon Energy shares gained nearly 4 per cent on the domestic bourses on saturday on hopes of positive measures in Finance Minister Arun Jaitley's maiden full-year Budget.
Traders cited speculation that government may increase allocations towards renewable energy and reduce taxes in the 2015-16 Budget, due later on Saturday, as the reason for the surge.
The government had more than doubled spending on renewable energy in its Interim Budget for 2014-15.
The Union Budget for the forthcoming 2015-16 financial year is scheduled to be presented by Jaitley at 11:00 am.
Copyright©2022 Living Media India Limited. For reprint rights: Syndications Today