Read on the application
Shares of renewable energy company Suzlon Energy are seeing a boom. Shares of Suzlon Energy on the Bombay Stock Exchange (BSE) on Monday traded at Rs. At 23.49 reached the upper circuit of 5%. Shares of Suzlon Energy hit an 8-year high on Monday. The company’s shares are now at their highest level since August 2015. Shares of Suzlon hit a 52-week high of Rs. It is 23.49.
Shares of Suzlon rose 217% in 1 year
Shares of Suzlon Energy have gained 217% in a year. On August 29, 2022, the company’s shares were trading at Rs.7.40 on BSE. Shares of Suzlon Energy touched Rs.23.49 on BSE on 28 August 2023. At the same time, shares of Suzlon Energy have gained 187% in the last 6 months. Shares of the company on BSE on February 28, 2023 at Rs. 8.19, which is now Rs. 23.49 have been reached.
Also Read- Rail Company Shares Catch Bullet Train Speed, Investor Mallam
For stocks with buy rating Rs. A target of 30
Local brokerage house JM Financial is bullish on Suzlon Energy shares. The brokerage house has given buy rating to Suzlon Energy shares. JM Financial’s target price on Suzlon Energy shares is Rs. is 30. That means Suzlon Energy’s share can rise more than 30% from the share price on Monday. The company’s stock hit a 52-week low of Rs. is 6.60.
Also Read- Construction company gets orders worth ₹1818 crore, loot to buy shares
Suzlon Energy has received an order of 201.6 MW
Suzlon Energy has bagged a 201.6 MW wind power project from Tech Green Power XI. The ordering company is a subsidiary of O2 Power. Under this order, Suzlon Energy is to supply the wind turbines and oversee the implementation of the project. The project will provide electricity to around 166000 households. Also, it will reduce CO2 emissions by 655000 tonnes annually.
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.