Multibagger penny stock under Rs 10: This mid-cap company secures a new order of 99 MW from Vibrant Energy!

The stock generated multibagger returns of over 242 per cent in just 3 years and has a PE of 5.63x and an ROE of 387.03 per cent.

Suzlon Group, India’s largest renewable energy solutions provider, today announced that it has received an order from Vibrant Energy for 33 wind turbine generators (WTGs) featuring its new 3 MW series with a Hybrid Lattice Tubular (HLT) tower for a 99 MW wind power project which is expected to be commissioned by FY25.   

This order of the larger wind turbine model from the new 3 MW series ‐ the S144‐140m is part of the agreement wherein Suzlon Energy will supply the wind turbines (equipment supply), provide erection and commissioning services as well as comprehensive operations and maintenance services post‐commissioning.    

This is the third order of the new Suzlon 3 MW series in less than a month. A project of this size can provide electricity to 3.07 lakh of households and curb 2.92 lakh tonnes of CO2 emissions every year.  

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The company has a market cap of over 10,427.25 crore with 3 years CAGR of 54 per cent. The company reported positive numbers in its Quarterly Results (Q3) where net profit skyrocketed 105.26 per cent compared to the same quarter last year.   

On Thursday, the benchmark indices ended the trading session lower. BSE Sensex Index was down by 0.21 per cent at 61,432 and NSE Nifty-50 Index was down 0.28 per cent at 18,130. Shares of Suzlon Energy opened around the level of Rs 8.82 and ended the trading session in the red, down 1.04 per cent to Rs 8.55 per share with an intraday high of Rs 8.97 per share and an intraday low of Rs 8.42 per share.

The stock generated multibagger returns of over 250 per cent in just 3 years and has a PE of 5.63x and an ROE of 387.03 per cent. Penny Stock Suzlon Energy should be kept under the radar.