BSE places Suzlon Energy under surveillance; stock soars 301% in one year

Suzlon Energy Share Price: BSE placed the Suzlon Energy stock under surveillance in the morning session on Thursday (November 7, 2023).

The shares were trading higher by 1.34 per cent, or Rs 0.52, at Rs 39.45 each when BSE put the stock under ASM LT Stage 4 surveilance.

The stock closed at Rs 38.93 on Wednesday to open at Rs 38.95 on Thursday before hitting the day's high of Rs 39.98. 

Suzlon Energy Share Performance 

The Suzlon stock has shown outstanding growth in the last one year. It has skyrocketed 174.31 per cent in the six months, 268.47 per cent year to date and 301.42 per cent in the one year.

It has outperformed the benchmark Nifty 50 comprehensively, which has risen 11.62 per cent in the six months, 14.86 per cent YTD and 12.62 per cent in the one-year period.
 

What is ASM LT Stage 4 surveillance? 

BSE places a company under ASM LT Stage 4 surveillance, when 

Average daily Volume in a month is ≥ 10,000 shares & > 500% of Average volume in preceding 3 months at BSE & NSE.

AND

Concentration of Top 25 clients account ≥ 25% of combined trading volume of BSE & NSE in the stock in last 30 days.

AND

Average Delivery% is < 50% in last 3 months.

AND

Market Capitalisation is > Rs.500 Crore.

AND

Close–to–close price variation (based on corporate action adjusted prices) in last one   month is > (50% + Beta (β) of the stock * S&P BSE Sensex variation).

Suzlon Energy Closing Price

The stock of Suzlon Energy ended the trading session on Thursday higher by 0.69 per cent, or Rs 0.27, at Rs 39.20.

(With inputs from BSE)