Multibagger alert: This wind turbine manufacturing company rallied by 134% YoY!
These returns are 6.2 times the returns delivered by the S&P BSE 500 index, of which the company is a part.
Suzlon Energy Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last one year. An investment of Rs 1 lakh in this stock last year would have turned to Rs 2.34 lakh today.
During the last one year, the company’s share price has jumped from Rs 5.07 on 7th April 2021 to Rs 11.90 on 7th April 2022, an increase of 134.7% YoY.
These returns are 6.2 times the returns delivered by the S&P BSE 500 index, of which the company is a part. In the last one year, the index has climbed from the level of 19,868.99 on 7th April 2021 to 24,185.86 on 7th April 2022, a rally of 21.72% YoY.
Suzlon Energy Limited is a part of the Suzlon Group and is headquartered in Pune, Maharashtra. The company is an Indian multinational wind turbine manufacturer and the country’s leading renewable energy solutions provider. The group offers a 360-degree total solutions package to its customers that covers the entire spectrum of wind energy projects.
With 14 manufacturing units in India and China and over 1800 customers, Suzlon has a presence in 17 countries around the globe. Also, the group has 8 R&D facilities spread across Denmark, Germany, the Netherlands, and India for developing state-of-the-art turbine parts and has over 19,108 MW of installed capacity worldwide.
In the recent quarter Q3FY22, the company’s net revenue increased by 70.33% YoY to Rs 1596.87 crore. Similarly, the net profit increased by 133% YoY to Rs 36.77 crore.
At 12.08 pm, the shares of Suzlon Energy Ltd were trading at Rs 12.10, an increase of 1.68% from the previous day’s closing price of Rs 11.90 on BSE. The stock has a 52-week high & low of Rs 13.10 and Rs 4.36 respectively on BSE.
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