900 Per cent Multibagger Returns: This Wind Energy Stock Hits Upper Circuit & Fresh 52-Week High Today, Profits Surged by 200 Per cent in Q1!
The company’s shares have delivered a multibagger return of over 290 per cent in the past 1 year.
It is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer and also undertakes installation and O&M of all WTG sales. Its operations include the design, development, and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears, and nacelles. In addition to manufacturing, it offers a full range of wind project planning and execution services, including wind resource assessment, infrastructure and power evacuation, technical planning, and execution of wind power projects. It also provides O&M services in India and overseas.
At the start of the day's trading session, shares of Suzlon Energy Ltd opened at Rs 71.19 per share, compared to the previous day's closing figure of Rs 69.57 per share on the BSE. Finally, the shares closed at Rs 72.95 per share. The stock has rallied 5 per cent today and hit the upper circuit as well as the fresh 52-week high, reflecting strong demand in the market. The company's current market capitalization stands at Rs 99,463 crore, and the stock has generated an impressive multibagger return of over 290 per cent in the past 1 year.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in Q1 FY25, Suzlon Energy Ltd recorded a revenue of Rs 2022 crore representing a growth of 49.64 per cent YoY from Rs 1351 crore. The operating profit for Q1 FY25 stood at Rs 370 crore. The net profit for Q1 FY25 was Rs 302 crore compared to a profit of Rs 101 crore. Looking at the annual performance, the company generated a revenue of Rs 6529 crore in FY24, compared to Rs 5971 crore in FY23. The operating profit for FY24 was Rs 1029 crore with a net profit of Rs 660 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.