Suzlon Energy Share Price Surges Over 250% In One Year
You might have heard about Suzlon Energy, a company that works with wind energy. Well, their shares in the stock market have been doing something quite remarkable this year.
Suzlon Energy’s share price has increased a lot – by about 250% just this year. That’s a huge jump! It means if someone invested in Suzlon shares, their money has more than doubled in a short time.
One of the reasons for this big increase is that Suzlon has got a big project in Gujarat to develop wind energy. This kind of news often makes investors excited and confident about a company.
Now, when we look at the details, Suzlon’s shares are trading around ₹37. But there’s a bit of caution here. Experts, like V.L.A. Ambala, who studies the stock market closely, say that if the share price doesn’t stay above ₹39, it might drop a bit. However, if it does stay above ₹39, they expect the price could go even higher, maybe to ₹45 or even ₹65.
On the Bombay Stock Exchange, Suzlon’s share finished at ₹37.21 recently, with lots of shares being bought and sold. In terms of its performance over time, Suzlon’s shares have really impressed investors.
In the last 90 days, the price went up by nearly 50%, and in the last 180 days, it’s increased by over 170%. That’s a big deal for anyone who invested in Suzlon.
In the last three years, Suzlon’s share price has increased by over 700%. That’s why it’s being called a “multi-bagger stock,” which is a term used for shares that give several times their original value.
Additionally, Suzlon Energy was recently added to the MSCI India Index. This index means the company is recognized as being significant and stable, which can attract more investors.