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Penny stock Suzlon Energy announces right issue in ratio of 5:21 at a discount of 45 per cent to its market price; should one participate in it?
Penny stock Suzlon Energy announces right issue in ratio of 5:21 at a discount of 45 per cent to its market price; should one participate in it?

Penny stock Suzlon Energy announces right issue in ratio of 5:21 at a discount of 45 per cent to its market price; should one participate in it?

Issue price is fixed at Rs 5 per equity shares, which is at a discount of 45 per cent to the last traded price on NSE.

Karan Dsij Article rating: 4.0

The stock has gained 43.31 per cent in the last one year and in the last three-years it has been delivered jaw-dropping returns of 193.55 per cent, as a result, the stock has turned into a multi-bagger.

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