Suzlon rose 5 percent again, the market regained its vibrancy. The company no longer has any debt, the order book has also increased
Suzlon Energy Good performance today 32 Nov. Thursday (November 23) was a happy day for investors of Suzlon Energy, India’s leading wind power company. There was a tremendous jump in the company’s shares.
Suzlon shines in the stock market:
Shares of Suzlon Energy witnessed a rise on Thursday. After hitting lower circuit as soon as the market opened, the stock hit upper circuit within a few minutes.
Huge increase in shares in one year:
Suzlon Energy shares have proved to be a multibagger with a rise of 396% in the last one year. It has given a return of 315% in the last 6 months.
Financial position of the company:
Suzlon reports net profit of Rs 102 crore in Q2FY24. During this period, the company’s revenue was Rs 1417 crore, while EBITDA was Rs 225 crore.
Suzlon’s debt-free status:
Suzlon’s balance sheet is now debt-free. The company’s order book includes orders of 1613 MW.
Company’s Market Performance:
Suzlon is the leading company in the wind energy sector, with 33% market share in the domestic market. CRISIL has upgraded the company’s rating to ‘CRISIL BBB+/A2’.
