Power Sector Penny Stock Hits New 52-Week High, Spurts 32% In 3-Days

Shares of small cap stock from the power sector, Suzlon Energy Ltd Hit new 52-week high in trade on June 7, 2023. Suzlon Energy Ltd stock witnessed a spurt of more than 32% in three days. The stock hit its new 52-week high when the it climbed to Rs 14.59 apiece intraday. Suzlon Energy share ended at Rs 14.40 per share with the gain of 18.03%. Check details below:

Suzlon Energy Ltd has become the first Indian wind energy company to reach 20 GW* of worldwide Wind Energy installations on World Environment Day. Suzlon's 20 GW wind energy installations are through 12,647 wind turbines across 17 countries spanning six continents, as per its BSE filing.

Suzlon enjoys 33% of India's cumulative wind energy installations. It is worth noting that Suzlon's 20 GW wind energy installations generate enough green electricity required to power more than 13 million Indian households, according to its regulatory filing,

Girish Tanti, Vice Chairman, Suzlon Group, said "Crossing the 20GW mark is a testament to Suzlon's dedication and expertise in the renewable energy industry. I would like to thank the Government of India for their visionary policy framework and our diverse customer base of over 1,900 customers and vendor partners for their unflinching support without which this achievement would not be possible. With 5.9 GW of Indian Wind Turbines installed across the globe, Suzlon's 20 GW is a story of taking India to the world."

J P Chalasani, Chief Execution Officer, Suzlon Group, said "Suzlon's success can be attributed to its relentless focus on customer delight, innovation, and robust product technology."

Suzlon Energy Stock Performance & Return: The stock's 52-week high price is Rs 14.59 apiece and 52-week low price is Rs 5.43 apiece, respectively. Its market capitalisation is Rs 17,537.42 crore. In just 1-month, Suzlon Energy share soared 67%, 46% in last 6-months, and 93% in last 1-year. It gave return of 116% in last 2-years and 336% return in last 3-years.

Suzlon Energy About: The Suzlon Group is one of the leading renewable energy solutions providers in the world with 20 GW* of wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India; the Group comprises of Suzlon Energy Limited (NSE: SUZLON & BSE: 532667) and its subsidiaries.