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.
Shares of renewable energy firm Suzlon Energy Ltd have more than doubled in just three months, delivering multibagger returns for investors of the penny stock. Suzlon Energy stock rose 128.36% in the last three months, surpassing even the six month and year-to-date returns of 121% and 84% respectively. However, shares of Suzlon Energy have lost 7% from their 52-week high of Rs 21.25 in the last four sessions on BSE. The stock touched its yearly high on August 11, 2023 and fell to a 52-week low of Rs 6.60 on October 13, 2022.