Suzlon Energy Hits Record High with 625% Stock Surge

Tuesday, 23 July 2024, 04:59

Suzlon Energy's stock has experienced an astounding **625% increase** over the past 15 months. Recently, the share price rallied **5%**, reaching **Rs 57.82**, which marks the company's highest level in over **13 years** on the Bombay Stock Exchange (BSE). This surge follows the announcement of its **highest quarterly EBITDA** in the last seven years at **Rs 370 crore** for Q1FY25. Investors remain optimistic about the company's future prospects, reflecting a positive market sentiment towards renewable energy stocks.
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Suzlon Energy Hits Record High with 625% Stock Surge

Suzlon Energy's Stock Surge

Suzlon Energy has shown remarkable performance in the stock market, with its stock price climbing by 625% over the past 15 months.

Recent Market Performance

  • The share price increased by 5%, reaching Rs 57.82.
  • It achieved its highest level in over 13 years on the BSE.
  • The surge follows the report of a quarterly EBITDA of Rs 370 crore in Q1FY25, the highest in seven years.

Conclusion

Investors are optimistic about Suzlon's future, indicating significant market interest in renewable energy solutions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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