The Suzlon Energy Company has been experiencing a consistent upward trend in its share price over the past few days. Today, investors have seen a significant profit in this stock. The company’s shares are up 271% in 2023, with the price increasing from ₹10 to ₹40. In the last six months, the company’s shares have provided a return of 225% to its investors. Over the past five years, the share price of the company has increased by 738%. In Tuesday’s trading session, Suzlon Energy shares were trading at ₹39.65 with a 1% decline. On Wednesday, December 6, 2023, the share closed at ₹39.10 with a drop of 1.39%. On Thursday, December 7, 2023, the share was trading at ₹39.60 with a 1.67% increase.
At one point, Suzlon Energy shares were trading at ₹500. Towards the end of 2005, the share price of the company started to decline and by 2019, it had fallen to ₹2. However, over the past year, the company’s shares have been consistently increasing. According to Kotak Institutional Equities, this reversal in valuation of Suzlon Energy Limited reflects a weakness in the stock market outlook. According to brokerage firm reports, Suzlon Energy’s valuation is higher than its market capitalization. The company stated, “Given the electrification of the Indian economy and the increasing demand for electricity in the country, we are ready to increase our additional electricity generation capacity. Looking at the target of the Indian government for renewable energy production capacity during the financial year 2020-30 and Suzlon Energy’s improved financial position, Kotak expects the firm to increase its wind energy-based electricity production capacity in the coming years. With the well-established solar energy production, there is a high possibility of an increase in India’s renewable energy production capacity. Over the past five years, solar energy accounts for 75% of India’s renewable energy production capacity.”
Suzlon Share Price 7 December 2023
1. Suzlon Energy Company’s share price has been consistently rising in recent days.
2. Investors have seen a tremendous profit in this share today.
3. Suzlon Energy Company’s shares are up 271% in 2023.
4. During this period, the share price has increased from Rs. 10 to Rs. 40.
5. In the past six months, the company’s shares have given investors a return of 225%.
6. In the past five years, the share price of the company has increased by 738%.
7. On Tuesday’s trading session, Suzlon Energy’s share was trading at Rs. 39.65 with a 1% decrease.
8. The share closed at Rs. 39.10 on Wednesday, 6 December 2023, with a 1.39% decrease.
9. On Thursday, 7 December 2023, the share was trading at Rs. 39.60 with a 1.67% increase.
10. There was a time when Suzlon Energy’s shares were trading at Rs. 500.
11. In 2005, the share price of Suzlon Energy Company started to decline and by 2019, it had fallen from Rs. 500 to Rs. 2.
12. In the past year, the company’s share price has been consistently rising.
13. According to Kotak Institutional Equities, this reversal in valuation shows a weakness in the outlook of the stock market.
14. According to brokerage firms, Suzlon Energy Company’s valuation is higher than its market capitalization.
15. Suzlon Energy Company has stated, “Considering the electrification of the Indian economy and the increasing demand for electricity in the country, we are prepared to increase our capacity for additional power generation.”
16. Looking at the goals of the Indian government for renewable energy production capacity during the financial year 2020-30 and the improved financial position of Suzlon Energy Company, Kotak firm expects an increase in wind energy-based power generation capacity in the coming years.
17. Considering the well-established solar energy production, there is a higher possibility of growth in India’s renewable energy production capacity.
18. In the past five years, solar energy accounts for 75% of India’s renewable energy production capacity.
People Can Find This Information Useful for: Suzlon Energy, share price, investors, profit, return, price increase, trading, market, valuation, market capitalization, statement, electricity production capacity, financial position, wind energy, solar energy, renewable energy, market outlook, electricity demand, market trends.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
