DIIs Bought 4,00,34,002 Shares: Wind Energy Power Stock At Rs 55 Locked In Upper Circuit After Reporting 91% YoY Jump in PAT at Rs 388 Crore

The stock gave multibagger returns of 481 per cent in 2 years and a whopping 2,200 per cent in 5 years.

On Wednesday, shares of Suzlon Energy Ltd hit a 5 per cent upper circuit to Rs 52.76 per share from its previous closing of Rs 50.25 per share. The stock’s 52-week high is Rs 86.04 and its 52-week low is Rs 35.49.

The Suzlon Group is a leading global renewable energy solutions provider, with approximately 20.9 GW of wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India, the Group includes Suzlon Energy Limited (NSE: SUZLON, BSE: 532667) and its subsidiaries. A vertically integrated organisation, Suzlon has in-house R&D centres in Germany, the Netherlands, Denmark, and India, and world-class manufacturing facilities across India. with 29 years of operational excellence and a diverse workforce of over 7,700 employees, Suzlon is India’s No. 1 Renewable Energy Solutions company, managing 15 GW of assets and an additional 6 GW installed outside India. Its portfolio includes the advanced 2.x MW and 3.x MW series of wind turbines.

According to Quarterly Results, the net sales increased by 91 per cent to Rs 2,974.83 crore, EBITDA increased by 105 per cent to Rs 527.04 crore and net profit increased by 91 per cent to Rs 387.76 crore in Q3FY25 compared to Q3FY24. Looking at its nine-month results, the net sales increased by 64 per cent to Rs 7,078 crore, EBITDA increased by 73 per cent to Rs 1,164 crore and net profit increased by 106 per cent to Rs 891 crore in 9MFY25 compared to 9MFY24. In its annual results, the net sales increased by 9.4 per cent to Rs 6,529.1 crore and net profit decreased by 77 per cent to Rs 660.35 crore in FY24 over FY23. The company order book stands at 5.5 GW and maintained a robust financial position with a net cash balance of Rs 1,107 crore as of December 31, 2024.

Recently, Suzlon and Torrent Power achieved 1 GW of wind energy together, reinforcing their partnership with a new 486 MW hybrid order. This collaboration aligns with India's renewable energy goals and supports the "Make in India" initiative. Suzlon will supply 162 S144 wind turbines with HLT towers in Gujarat, showcasing advanced technology and contributing to grid stability. This partnership sets a precedent for further investment in India's renewable energy sector.

Suzlon Energy Ltd is a mid-sized company in the power sector, listed on the Bombay Stock Exchange (BSE) & National Stock Exchange (NSE) with a market capitalization surpassing Rs 72,000 crore. The company is also included in the BSE's Power Index, reflecting its focus on the power industry. In December 2024, DIIs bought 4,00,34,002 shares and increased their stake to 9.31 per cent compared to 9.02 per cent in September 2024. The stock gave multibagger returns of 481 per cent in 2 years and a whopping 2,200 per cent in 5 years. Investors should keep an eye on this mid-cap power stock.

Disclaimer: The article is for informational purposes only and not investment advice.