500 per cent Multibagger penny stock under Rs 25: Stock hit upper circuit and heavy buying witnessed with back-to-back 52-week high, do you own it?
Shares of the company have generated an impressive return of 130 per cent in just three months
The shares of Suzlon Energy Limited witnessed a significant surge today. The stock commenced trading at Rs 21.01, marking a 0.57 per cent increase compared to the previous day's closing price of Rs 20.89. During the intraday session, the stock exhibited a remarkable 5 per cent surge accompanied by significant trading volume.
Upon scrutinizing today's share volumes, it becomes apparent that there has been a substantial increase of over 2.2 times in trading volumes compared to its average volumes on the BSE. As of writing this article the shares of the company are up by Rs 1.01 which is 4.83 per cent and are trading at Rs 21.90 each on the BSE.
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The stock's 52-week high and low are Rs 21.93 and Rs 6.60, respectively. Possessing a market capitalization of Rs 29705 crore, the stock has showcased outstanding performance in recent periods, yielding a remarkable 130 per cent return in the last three months and an impressive 503 per cent return in the past three years.
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In the June quarter of FY24, the Company’s revenue from operations experienced a decline of 2.15 per cent YoY, going from Rs 1381 crore to Rs 1351 crore. The operating profit of the company fell from Rs 214 crore to Rs 199 crore and on a sequential basis it increased significantly from Rs 233 crore to Rs 199 crore, the operating profit stood at 15 per cent.
Whereas the net profit of the company amounts to Rs 101 crore, the net profit margins stood at 7.5 per cent in Q1 FY24. The company's return on capital employed (ROCE) is at 20.6 per cent.
Suzlon Energy Limited is an India-based renewable energy solutions provider engaged in the manufacturing of wind turbine generators (WTGs) and related components of various capacities. The company operates in approximately 17 countries across Asia, Australia, Europe, Africa, and the Americas.