Mukul Agarwal's portfolio multibagger penny stock: This mid-cap company secures new order of 31.5 MW from Integrum Energy Infrastructure Private Limited!
The stock gave multibagger returns of 170 per cent in just 6 months whereas BSE Sensex Index is up by 9 per cent.
Suzlon Group, India’s largest renewable energy solutions provider, today announced a new order win for the development of a 31.5 MW wind power project for Integrum Energy Infrastructure Private Limited. Suzlon will install 15 units of their S120 – 140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each in Maharashtra and Karnataka.
The project is expected to be commissioned in May 2024. Suzlon will execute the project with a scope of supply, installation and commissioning. Additionally, Suzlon will offer post‐commissioning operation and maintenance services. Every Suzlon turbine ranging over 80 per cent to 90 per cent on domestic content and manufactured in the country through a thriving domestic value chain is a testament to our contribution to the vision of Aatmanirbhar Bharat.
Suzlon Energy Ltd manufactures wind turbine generators and related components. Mukul Agarwal, a seasoned investor, acquired a 1.05 per cent ownership stake, equivalent to 13 crore shares, in the company.
On Friday, shares of Suzlon Energy Ltd surged 5 per cent upper circuit to Rs 22.56 per share from its previous closing of Rs 21.49. The stock’s 52-week high is Rs 22.86 and its 52-week low is Rs 6.60.
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The company has a market cap of over Rs 30,000 crore with a 3-year stock price CAGR of 82 per cent. As of May 30, 2023, the cumulative order book stands at over 1,500 MW. This includes the order book as of March 31, 2023, of 652 MW plus orders secured subsequently of 890 MW.
The stock gave multibagger returns of 170 per cent in just 6 months whereas BSE Sensex Index is up by 9 per cent. Penny Stock Suzlon Energy should be kept under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.