Mukul Agarwal gains Rs 15,99,00,000 from this multibagger penny stock under Rs 30 in just 1 day with a healthy order book; Do you own it?
The stock has given multibagger returns of 235 per cent in just 6 months, while the BSE Sensex Index is up by 10.84 per cent
On Friday, the benchmark indices ended the day in the red. BSE Sensex Index is down by 0.48 per cent at a level of 65,512 and NSE Nifty-50 Index is down by 0.56 per cent at a level of 19,529.
Although the market is trading in the red this week, one multibagger penny stock is bucking the trend and trading in the green. Let us know why is this stock trending:
On September 26, 2023, the company announced that CRISIL has upgraded the ratings of this stock to 'CRISIL BBB+/A2' from ‘CRISIL BBB‐/A3‘with a positive outlook for long‐term and short‐term facilities, reflecting the company's strengthened financial position, operational excellence and favourable sectoral tailwinds. The rating upgrade is a result of Suzlon's successful reduction of debt by repaying the entire term debt through the proceeds of a qualified institutional placement (QIP) of approximately Rs 2,000 crore
Earlier, the company announced a new order win for the development of a 29.4 MW of wind installed capacity for a 100 MW co‐located wind‐solar hybrid project of BrightNight, a global renewable power producer. The project is expected to be commissioned in phases, beginning in April 2024.
Before we reveal the stock name, let's take a look at how the ace investor Mukul Agarwal made Rs 15,99,00,000 in just 1 day. Here are the details:
Mukul Agarwal holds 13,00,00,000 or 13 crore shares in a multibagger heavy electrical company. On Tuesday, shares of the company hit a 5 per cent upper circuit and made a new 52-week high of Rs 27.11 per share with a spurt in volume by more than 2.64 times on BSE. At the closing bell, shares of the company were trading at Rs 27.05, up 1.23 points or 4.76 per cent. (He brought this share in the June 2023 quarter at below Rs 15 per share)
Therefore, Rs 13,00,00,000 * Rs 1.23 per share = Rs 15,99,00,000 in just 1 day.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
The multibagger penny stock that you are interested in is SUZLON ENERGY LIMITED.
Suzlon Energy is a leading renewable energy company with a market capitalization of over Rs 36,000 crore. The company's stock price has grown at a compounded annual growth rate (CAGR) of 85 per cent over the past three years. As of May 30, 2023, the company's cumulative order book stands at over 1,500 MW.
The stock has given multibagger returns of 235 per cent in just 6 months, while the BSE Sensex Index is up by 10.84 per cent. Suzlon Energy is a penny stock that investors should keep under their radar.
Disclaimer: The article is for informational purposes only and not investment advice.