Suzlon within 20 per cent range of its 52-week high

The stock in spite of concerns on financial health, is up with increasing volume in past three trading sessions.

Suzlon is up by over 5 per cent approximately on YTD and definitely is not a stock that it used to be to investors during the period of 2000 to 2005. Suzlon is a loss-making company attempting to turnaround and is showing some glimpses of hope with improvement in financial performance, however it is still not out of woods yet. 

The stock in spite of concerns, is up with increasing volume in past three trading sessions. The stock is up by 22.61 per cent in past week raising hopes for traders to make some quick gains in the counter. Trading at Rs 7.04 per share the stock is within the range of 20 per cent from its 52-week high it made for itself in the beginning of the year in January. The stock is up by 39.60 per cent in one month. 

Recently, Suzlon has bagged an order to supply 120 units of S120-140m HLT with rated capacity of 2.1 MW each from CLP India. 

Suzlon Energy Limited is an Indian wind turbine manufacturer based in Pune, India. It was formerly ranked by MAKE as the world's fifth largest wind turbine supplier.