Shares of Suzlon Energy ended 1.88 per cent higher at Rs 25.98 on Tuesday against the previous close of Rs 25.50. Market cap of the firm rose to Rs 35,264 crore.
Shares of renewable energy firm Suzlon Energy Ltd scaled a fresh 52-week high for the fourth consecutive session today. Suzlon Energy stock gained 4.3% to Rs 27, a fresh yearly high on BSE. With today’s rally, Suzlon Energy shares have climbed over 20% in the last four sessions. The stock closed at Rs 22.38 on August 25. Since then, it has gained Rs 4.6 or 20.55% this week. Later, the stock slipped 8.51% from 52-week high to Rs 24.70 on BSE. At 9:28 am, the Suzlon Energy stock was trading 4.17% lower at Rs 24.81.
Multibagger stock: Suzlon Energy shares hit a 52-week high for the third consecutive session. They gained 4.99% to Rs 25.89 in the current session. Market cap of Suzlon Energy climbed to Rs 33,448 crore on BSE.
Suzlon Energy’s target price suggests a 37 per cent potential upside for the renewable energy solution provider over its Friday's intraday price of Rs 21.94 apiece .