Shares of Suzlon Energy Ltd hit their 12-year high in early trade today after Interim Budget 2024 outlined the government's plan to provide viability gap funding for the development of one gigawatt of offshore wind energy capacity. Suzlon Energy shares gained 4.34% to Rs 50.41, a 12.5-year high on BSE today. Suzlon Energy stock last hit the Rs 50 level intraday on August 5, 2011 when it rose to Rs 50.25 on BSE. The stock extended gains from the Budget day when it hit upper circuit of 5% at 48.31 on BSE. It closed at the same level in the previous session.
Shares of Suzlon Energy Ltd hit their 12-year high in early trade today after Interim Budget 2024 outlined the government's plan to provide viability gap funding for the development of one gigawatt of offshore wind energy capacity. Suzlon Energy shares gained 4.34% to Rs 50.41, a 12.5-year high on BSE today. Suzlon Energy stock last hit the Rs 50 level intraday on August 5, 2011 when it rose to Rs 50.25 on BSE. The stock extended gains from the Budget day when it hit upper circuit of 5% at 48.31 on BSE. It closed at the same level in the previous session.
Shares of Suzlon Energy Ltd were trading lower in the afternoon session today despite country’s largest renewable energy solutions provider Suzlon Group executing the definitive documents for securing working capital facilities with REC Limited. Suzlon will utilise the facility for meeting working capital requirements for the execution of its current order book and future order pipeline.
Shares of Suzlon Energy Ltd rose over 4% in early trade today as the green energy firm will be included in the S&P BSE Power index. Suzlon Energy stock opened at Rs 41.05 today, higher than the previous close of Rs 39.42 on BSE. The stock has lost 8.56% from its 52 week high of Rs 44 hit on November 17, 2023. Suzlon Energy shares fell to a 52-week low of Rs 6.96 on March 28, 2023. In the current session, Suzlon Energy shares gained 4.5% to Rs 53,622 crore on BSE. Total 20.01 lakh shares of Suzlon Energy changed hands amounting to a turnover of Rs 8.12 crore on BSE. Suzlon Energy’s market cap rose to Rs 54,273 crore on BSE.
Shares of Suzlon Energy Ltd snapped their five-session winning run amid weak sentiment in the broader market in early trade today. The stock gained 13.26% since the November 9 close of Rs 37.32 on BSE. The stock has been rallying amid news that it could enter AMFI's midcap category in the January rejig. Another trigger behind the rally last week was the news that Suzlon Energy was likely to be included in the MSCI Global Standard Index during its upcoming rejig on November 15. The renewable energy scrip was included in the index last week.