Shares of renewable energy company Suzlon Energy Ltd soared to a new 52-week high in early trading Wednesday. Suzlon Energy’s shares rose 4.95% to Rs 23.49 on the BSE, from a previous closing of Rs 22.38. On October 13, 2022, it reached a 52-week low of Rs 6.60. Since then, the stock has increased by 256% on the BSE. On Monday, the shares started higher at Rs 23.34. Suzlon Energy’s market capitalization has increased to Rs 31,861 crore. Suzlon Energy stock had strong turnover and volumes, with 142.11 lakh shares changing hands on the BSE, equivalent to a transaction of Rs 33.34 crore.
The stock has more than doubled in three months, providing investors with 135.14% gains.