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Shares of renewable energy company Suzlon Energy are seeing a boom. The company’s shares are on the upper circuit for the third day in a row. Shares of Suzlon Energy rose 5% on Wednesday to Rs. was 25.89. On BSE on Tuesday, the company’s shares traded at Rs. It closed at 24.66. Suzlon Energy shares have gained tremendous momentum in the last 3 years. Shares of the company have climbed 1181% during this period.
The company’s share went from Rs.2 to Rs.25
Shares of Suzlon Energy on 3 April 2020 Bombay Stock Exchange 2.02 (BSE) in Rs. Shares of the company on BSE on 30 August 2023 at Rs. 25.89 have been reached. The company’s stock has returned 1181% to investors during this period. If a person buys shares of Suzlon on April 3, 2020 for Rs. 1 lakh and have maintained their investment, the current price of this stock is Rs. 12.81 lakh would have been.
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The stock gained 265% in 5 months
Shares of Suzlon Energy have seen a sharp rise in the last 5 months. Shares of the company were trading at Rs.7.08 on BSE on March 28, 2023. Shares of Suzlon Energy on BSE on August 30, 2023 at Rs. 25.89 has been reached. Shares of Suzlon Energy have gained 265% in the last 5 months. At the same time, the renewable energy company’s shares have risen 37% over the past month. Shares of Suzlon Energy have gained 217% in the last 6 months.
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With a buy rating of Rs. Target of 30 achieved
Brokerage house JM Financial is bullish on Suzlon Energy shares. Local brokerage houses have initiated coverage on Suzlon Energy. JM Financial has given a buy rating on the company’s stock. Also for shares Rs. A target price of 30 has been given. Shares of Suzlon Energy hit a 52-week low of Rs. is 6.60.
Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.