Suzlon Energy hits 52-week high on heavy volumes post Q4 results

Thus far in the calendar year 2017, the stock nearly 60% as compared to 15% rise in Sensex.

Suzlon Energy hit a 52-week high of Rs 22.25, up 8% on BSE in intra-day trade, after the company reported profit for the third quarter in a row.

The company posted profit of Rs 427 crore in the quarter ended March 2017 (Q4FY17) as against net loss of Rs 141 crore during the same quarter of last fiscal year. 

Operational income of the company during the quarter under review grew 55% to Rs 4,993 crore as compared to Rs 3,246 crore during the previous quarter ended March 2016.

Wind energy in India delivered its highest installation of