Suzlon Energy shares: The shares of wind energy giant Suzlon Energy have seen a significant surge recently. After a period of decline, the stock has shown a strong upward trend since September 9. The primary reason behind this rise is a large order received from NTPC, which has revived investors’ confidence. This sudden growth in Suzlon’s shares has attracted investors, and there are expectations of better returns in the future.
Key Highlights:
व्हाट्सप्प चैनल या व्हाटप्प ग्रुप में दिए गए कूपन कोड को डालें -
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- Suzlon Energy’s stock surged by 13.56% in just 5 days.
- The company received a massive order of 1,166 MW from NTPC Green Energy.
- Suzlon announced the acquisition of a 76% stake in Renom Energy Services.
- The stock price reached ₹83, with a 52-week high of ₹86.04.
- Over the last 5 years, Suzlon has given a return of 2,771.97%.
| Important Facts | Details |
|---|---|
| Market Cap | ₹113,366 crore |
| Stock Price | ₹83 |
| 52-Week High | ₹86.04 |
| 52-Week Low | ₹21.70 |
| 5-Year Return | 2,771.97% |
| 1-Year Return | 256.99% |
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Also Read: Suzlon Energy Shares Hit 52-Week High: Will It Reach Rs 100 Soon?
Key Reasons for the Surge in Suzlon Energy Shares
Several crucial factors are driving the recent surge in Suzlon Energy’s stock price. The most notable of them is the large 1,166 MW order from NTPC, which has strengthened investor confidence. Let’s delve into the reasons in detail:
1. Large Order from NTPC
Suzlon Energy has received a major order from NTPC’s Renewable Energy Division. This order amounts to 1,166 MW and is expected to strengthen the company’s financial position in the future. The company has informed that the project will involve installing hybrid lattice tubular towers and 370 S144 wind turbine generators with a rated capacity of 3.15 MW in Gujarat.
2. Consistent Rise in Stock Price
Since September 9, Suzlon Energy’s stock has shown a steady rise. On that day, the stock opened at ₹73.09 and closed at ₹74.37. From then, it has consistently climbed, reaching ₹83 by September 13. This growth represents a 13.56% increase in just five days.
Also Read: Suzlon Energy’s Big Move: 440 Crore Deal to Strengthen the Company’s Financial Standing!
3. Acquisition of Stake in Renom Energy
Recently, Suzlon Energy announced the acquisition of a 76% stake in Renom Energy Services. The company has already purchased 51% of the stake for ₹400 crore, and the remaining 25% will be acquired within the next 18 months for ₹260 crore. This move will likely enhance Suzlon’s market position.
Suzlon Energy’s Performance
Suzlon Energy has performed remarkably well over the last few years. The company’s shares have given a return of 2,771.97% over the past five years, while the one-year return stands at 256.99%. Additionally, the stock has seen a 112.55% increase over the past six months and an 8.12% return in the last month.
Also Read: SpiceJet Stock Surges 10%, Reviving Investor Optimism
Future Prospects for Investors
Considering Suzlon’s recent figures and the large order from NTPC, investors see more potential in the company’s stock. If Suzlon continues to receive such orders and improves its financial standing, investors could witness significant long-term gains.
Also Read: Invest in Green Energy Mutual Funds Starting at Just ₹100, Big Profits Await!
FAQ (Frequently Asked Questions):
Why has Suzlon Energy’s stock surged?
The primary reason behind the surge in Suzlon Energy’s stock is the large 1,166 MW order received from NTPC. Additionally, the company’s acquisition of a stake in Renom Energy Services has also had a positive impact.
What is the future outlook for Suzlon Energy?
Suzlon Energy’s future looks promising, given the recent stock rise and the new orders the company is securing. Investors are optimistic about long-term returns.
Is Suzlon Energy a good buy right now?
If you are a long-term investor, Suzlon Energy might still be a strong option, especially considering the company’s recent performance and its order acquisitions.
What return has Suzlon Energy provided over the past 5 years?
Over the past five years, Suzlon Energy has provided a stellar return of approximately 2,771.97%.
What is the significance of the order received from NTPC?
The 1,166 MW order from NTPC is highly significant for Suzlon Energy. This order could help improve the company’s financial stability and lead to more order acquisitions in the future.
