Only buyers in Suzlon as the stock trades close to its 52-week highs

Suzlon is up by 58 per cent in one year while the stock has gained 42 in one month. The stock is locked in upper circuit after gaining 5 per cent on Thursday.

The frontline indices are struggling to trade in green even as BSE Small-cap index is seen outperforming Sensex. Suzlon is one stock with high turnover that is seen catching investors’ attention on Thursday. There are only buyers in the counter with no seller willing to part with their holdings. The shares of Suzlon are trading at Rs 8.40 per share close to its 52-week high of Rs 8.50 per share.

Suzlon has narrowed its losses in the recent quarter with improving total income. The net losses reported were at Rs 57 crore versus net loss of Rs 824 crore YoY. The net income rose to Rs 1136 crore versus Rs 655 crore YoY.

There is a positive momentum in the energy stocks as a positive announcement is expected from the GOI for the energy sector targeting clean energy. Recently Mukesh Ambani made it clear that the future lies in clean energy. Suzlon finds itself struggling with financials , however in the right sector with lots of promise of growth. 

Suzlon is up by 58 per cent in one year while the stock has gained 42 in one month. The stock is locked in upper circuit after gaining 5 per cent on Thursday.