Suzlon Share Price | Signs of bumper bullishness, Suzlon stock will give rocket fast returns, know updates – NSE: SUZLON
Suzlon Share Price | Suzlon stock is back in focus. Suzlon shares have given 2,963.79 percent return in the last five years. Investors are keeping an eye on new updates related to Suzlon company. On Monday, October 14, the stock was trading at Rs 74.03, down 0.48 per cent. (Suzlon Limited Company Excerpt)
Will get a new contract
Suzlon's shares were 9 percent bigger in Wednesday's trading session. However, on Friday, October 11, the stock was trading at Rs 74.45 with a decline of 1.31 per cent. The stock is near 52 week high. Suzlon stock is expected to cross that level soon. It is reported that Suzlon Energy is trying to get a big contract from Tata Power Company. Tata Power is likely to get the contract for supply of wind turbines. If this happens then Suzlon's shares will benefit from it. On Tuesday (October 15, 2024), the stock was trading at Rs 72.5, down 2.01%. According to a report in Economic Times, Tata Power has issued tenders for the supply of wind turbines. This contract is being seen as an important step of Tata Power Company towards strengthening the renewable energy sector in the country. If Suzlon is successful in getting this contract from Tata Power Company, then Suzlon shares will directly benefit from it. Siemens Gemsa, Senevion India, Envision Energy, Suzlon Energy and wind turbine original equipment manufacturers are among the major contenders to get the contract from Tata Power. Tata Power Limited has invited bids for the supply of 3 GW capacity wind turbines.
How much return did Suzlon share give?
Suzlon shares have given 90.50% returns in the last six months. The stock has given a return of 102.68% on a YTD basis. The stock has given a return of 181.65% over the last year. Suzlon stock has given a return of 2,963.79% in the last five years.
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