63 Moons, Mercury Ev-Tech, Axiscades, JSW Holdings, Indo Tech Transformers, Zaggle, Motisons, Sunflag Iron and EPACK Durable from the BSE Smallcap index were locked at 5% upper limit on Wednesday.
The uptick in Suzlon's share price followed the news that the company and Jindal Renewables have expanded their partnership with an additional 302.4 MW wind project
The renewable energy major's net profit was recorded at Rs 200.20 crore for Q2FY25, missing analyst estimates
Renewable energy solutions provider Suzlon's consolidated net profit almost doubled to Rs 201 crore in the September quarter compared to the year-ago period. The company reported a consolidated net profit of Rs 102 crore in the quarter ended on September 30, 2023, a statement said. Total income rose to Rs 2,121.23 crore in the second quarter of 2024-25 from Rs 1,428.69 crore in the same period a year ago. Girish Tanti, Vice Chairman, Suzlon Group, said, "Our core business is now on solid foundation to capitalise on the market momentum." Himanshu Mody, Chief Financial Officer of Suzlon Group, said, "In a relatively challenging environment due to prolonged heavy monsoons, we have been able to deliver consistent growth with robust margins and 96 per cent YoY profit. We are making long-term investments by implementing a slew of strategic measures to enhance our organisational capabilities and grow the business sustainably. This strategy will also help us in driving our competitiveness
Project is the largest commercial and industrial wind energy order in India, say companies
Suzlon Energy shares tanked up to 4.4 per cent at Rs 76.20 per share on the BSE in Thursday's intraday trade
Morgan Stanley has revised its stance on 6 utility stocks from Tata Power, Torrent Power to Suzlon Energy
Suzlon Energy stock price surged up to 3.27 per cent to record an intraday high of Rs 77.18 per share on the BSE on Monday
Suzlon the multibagger stock: In the last 18 months Suzlon has spent notable time below its 20-DMA only on four occasions; Chart suggests the stock could correct up to 25% from present levels.
The uptick in Suzlon Energy share price came after the company announced that it has executed a Conveyance Deed to sell its Pune-based corporate office to OE Business Park for Rs 440 crore.
Company says move to help focus on core operations
Voda Idea, Indus Towers, Ujjivan SFB, CoForge among top stocks where FIIs raised holdings in the June quarter; trading strategies based on technical charts here.
Suzlon share price today: From a level of Rs 20.25 seen on August 16, 2023, Suzlon share price has zoomed 295 per cent in one year to quote at Rs 79.93 per share as on Friday
Genus Power Infrastructure, Shakti Pumps (India), Gallant Ispat, Suraj Estate Developers, Panacea Biotec, Suzlon and Elpro Intl among BSE Allcap index were frozen at the highest limit for the day.
Suzlon share price today news: Suzlon shares were locked at 5-per cent upper circuit in the intraday trade
Suzlon market cap hits Rs 1 trn on Friday: The sharp rise in market cap was due to allotment of equity shares in rights issue; conversion of optionally convertible debentures and bonds into stock.
The company has signed definitive agreements to acquire a 76 per cent stake in Renom Energy Services Private Limited from the Sanjay Ghodawat Group (SGG). The acquisition will occur in two stages
IFCI (Rs 84), MMTC (Rs 102.60) and STC India (Rs 203.40) were frozen at the 20 per cent upper limit on the BSE.
Suzlon Energy rallied 5% to Rs 57.82, hitting an over 13-year high on the BSE in Tuesday's intra-day trade after the firm reported highest quarterly EBITDA in 7 years at Rs 370 crore in Q1FY25.
The company's revenues also rose to Rs 2,016 crore from Rs 1,348 crore in the year-ago quarter