Read on the application
Shares of wind energy business firm Suzlon Energy rose over 4 percent on the BSE on Friday at Rs. It closed at 22.38. Shares of the company Rs. 22.86 is near the 52 week high. The rise in Suzlon Energy’s shares is due to the receipt of new orders. Shares of Suzlon Energy have gained 176% in the last 6 months. The company’s stock hit a 52-week low of Rs. is 6.60.
Suzlon Energy will supply 64 wind turbines
Suzlon Energy has bagged an order of 201.6 MW from O2 Power Pvt. The order is for Suzlon Energy’s 3MW series wind turbines. This is said to be one of the largest orders for the new Suzlon 3MW series turbines. As per the order, Suzlon Energy will supply 64 of its largest wind turbines. The rated capacity of these turbines is 3.15 MW. Apart from supplying the wind turbines, Suzlon will also execute the project.
Also Read – This Stock Rises 53% In 5 Days, Experienced Investor Buys 17 Crore Shares
Shares of Suzlon are now trading at Rs. A target of 30 has been achieved
Local brokerage house JM Financial has initiated coverage on Suzlon Energy. The brokerage house has given buy rating to Suzlon shares. JM Financial on Suzlon Energy shares at Rs. A target price of 30 has been given. Shares of Suzlon Energy could rise more than 35% based on Friday’s current share price.
Also Read- 1000% return in 1 year, now foreign investors looted the company’s money
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.