Multibagger penny stock under Rs 15: Heavy buying witnessed in this stock with back-to-back 52-week high; do you own it?

Wind Turbine Generators stock has given multibagger returns of more than 255 percent in just 3 years.

On Monday, the share of Suzlon Energy Limited showed an impressive jump of 7.42 per cent, trading at a fresh 52-week high of Rs 15.02 per share on BSE. The 52-week high and low are Rs 15.05 per share and Rs 5.43 per share, respectively on BSE. The scrip has witnessed massive spurt in volume.  

The business stated that it has passed the 20GW wind energy installations milestone, with 12,467 wind turbines placed across 17 countries across six continents, solidifying Suzlon's position as a prominent participant in the global wind energy scene. The total order book as of May 30, 2023 is 1,542 MW. This covers the order book as of March 31, 2023, of 652 MW, plus orders gained afterwards of 890 MW.  

Suzlon Ltd. received a large order of 300 MW from Torrent Power Limited. Similarly, in FY 2022-23, the company has received orders from major market players such as Sri Kumaraswamy Mineral Exports Pvt Ltd, Nordic Energy Company, Vibrant Energy, Juniper Green Energy Pvt Ltd, Thermax Group Company and Serentica Renewables.  

The financial performance of the company is as follows:    

For FY23 the company’s sales dipped by 9.28 per cent from last year to Rs 5,971 crore. In similar fashion, the operating profit witnessed a downfall of 7.5 per cent on YoY basis, amounting to Rs 832 crore. On the other hand, company’s net profit increased significantly by more than 1500 per cent form FY22, reaching Rs 2,887 crore.  

The stock has seen tremendous purchasing activity since it has provided multibagger returns of more than 125 percent in just two years and multibagger returns of more than 255 percent in three years.  

Investors should keep a close eye on this trending Mid-Cap multibagger electrical equipment stock.