Power Sector Stock Hits 52-Week High Today, Gains 391% In 6-Months

Multibagger power sector stock Suzlon Energy shares hit 52-week high today and gained 4.63% on BSE to Rs 40.43 per share after inclusion in MSCI India Index. Suzlon Energy figured among 9 stocks that are scheduled to be added to the index as part of the rejig that will be effective from November 30, 2023. Suzlon Energy stocks gained 391 in last 6-months and gained 102% in last 3-months. Check details below:

Suzlon Energy Stock Performance & Return: Current market price of Suzlon Energy share on BSE is Rs 40.45 per share. Its 52-week high price is Rs 40.50 per share and 52-week low price is Rs 6.96 per share, respectively. The company has a market capitalisation of Rs 54,911.93 crore. Suzlon Energy shares gained 393% in last 1-year, soared 531% in last 2-years, and offered a strong return of 1100% in last 3-years.

Suzlon Energy Quarterly Results: The company on November 2, 2023 declared more than 81% surge in consolidated net profit to Rs 102.29 crore for the quarter ended September 30, 2023-24 amid fall in expenses. The company announced its net profit in the year-ago period at Rs 56.47 crore, as per the BSE filing. The company's total income fell to Rs 1,428.69 crore in the Q2 from Rs 1,442.58 crore in the corresponding period a year ago. Total expenses fell to Rs 1,291.26 crore from Rs 1,427.84 crore.

"At the end of Q2 FY24, our orderbook stands at a healthy 1,613 MW...Our service business continues to do well, while our forging and foundry business SE Forge consolidated on its foundation for future growth," J P Chalasani, Chief Executive Officer, Suzlon Group, said.

Suzlon Energy About: Founded in 1995, Suzlon is one of the leading global renewable energy solution providers. Over the past two decades, Suzlon has installed over ~20.3 GW of wind energy in 17 countries across six continents. The Suzlon Group comprises of Suzlon Energy Limited and its various subsidiaries, according to its official website.