Mukul Agrawal gains Rs 40,43,00,000 from this multibagger penny stock under Rs 40 in just 2 days with 1,613 MW order book; hit upper circuit & 52-week high!

The stock has given multibagger returns of 325 per cent in just 6 months, while the BSE Sensex Index is up by 5.18 per cent.

Indian stock markets were trading in green on Friday, with the BSE Sensex Index up 0.55 per cent at a level of 64,364 and the NSE Nifty-50 Index up 0.51 at 19,231. About 2,267 shares have advanced, 1,422 have declined and 129 were unchanged on BSE.

Along with the market in green, this multibagger penny stock bucked the trend and traded in the green. Let us know about this stock:

The stock we will be discussing today is SUZLON ENERGY LTD.

Let's take a look at how the ace investor Mukul Agarwal made Rs 40,43,00,000 in just 2 days. Here are the details:

Mukul Agarwal holds 13,00,00,000 or 13 crore shares in a multibagger heavy electrical company. On Friday, shares of the company hit a 5 per cent upper circuit and made a new 52-week high of Rs 34.44 per share with a spurt in volume by more than 2.10 times on BSE. He brought this share in the June 2023 quarter at below Rs 15 per share. The stock hit back-to-back upper circuit in recent trading sessions. The stock is up by 10 per cent in 2 days or 3.11

Therefore, Rs 13,00,00,000 x Rs 3.11 per share = Rs 40,43,00,000 in just 2 days.  

According to the Quarterly Results, the net sales decreased by 1.14 per cent to Rs 1,421.43 crore while the net profit increased by 81.14 per cent to Rs 102.29 crore in Q2FY24 compared to Q2FY23. According to the half-yearly results, the net sales decreased by 1.63 per cent to Rs 2,772.41 crore and the net profit decreased by 91.84 per cent to Rs 203.19 crore in H1FY24 compared to H1FY23. In its annual results, the net sales decreased by 9.29 per cent to Rs 5,970.53 crore in FY23 over FY22. The company reported a turnaround story as it reported at net profit of Rs 2,887.29 crore in FY23 compared to net loss of Rs 166.19 crore in FY22, an increase of 1,836.3 per cent.

Earlier, Suzlon Energy's ratings have been upgraded by CRISIL from 'CRISIL BBB‐/A3' to 'CRISIL BBB+/A2' with a positive outlook. This is due to the company's strengthened financial position, operational excellence, and favorable sectoral tailwinds. The upgrade is also a result of Suzlon's successful repayment of its entire term debt through a QIP of approximately Rs 2,000 crore.

Suzlon Energy is a leading renewable energy company with a market capitalization of over Rs 66,000 crore. The company's stock price has grown at a compounded annual growth rate (CAGR) of 100 per cent over the past three years. As of September 30, 2023, the company's cumulative order book stands at over 1,613 MW.

The stock has given multibagger returns of 325 per cent in just 6 months, while the BSE Sensex Index is up by 5.18 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.