2023-12-24 15:53:48
Suzlon Energy Ltd’s Stock Soars After Receiving Fresh Wind Generation Order
Investors in Suzlon Energy Ltd are celebrating as the company’s stock has returned almost 250 percent profit in the past year, giving them multi-bagger returns. The stock saw a surge of over 4% after the announcement of a new order for 193.2 MW of wind generation from KP Group. Suzlon will supply 92 units of S120 – 2.1 MW Wind Turbine Generators (WTGs).
This news has led to a bullish rally in Suzlon’s share price, pushing it further up in the already thriving market. According to Sebi data, the share price was trading at Rs 37 on Friday, and a dip below Rs 39 would see a decline. On December 20, 2023, JM Financial recommended Suzlon shares for the buy list.
Experts are predicting that Suzlon’s stock price may touch Rs.45 in 2024, making it a lucrative investment opportunity. The declining stock price presents an ideal opportunity for investors to buy shares and potentially enjoy significant returns in the new year.
It is important to note that investing in stocks carries its own risks and rewards. The article is for informational purposes only and is not intended as investment advice. As always, it is advisable to consult with a financial advisor before making any investment decisions.
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