4X Jump in a Year: Why this renewable energy multibagger stock hits back-to-back 52-week high

Suzlon Energy Share Price: Suzlon Energy extended its Friday's gain on BSE to Monday as well as the multibagger renewable energy stock hit a 52-week high in today's (June 24, 2024) trade.  

Suzlon Energy shares that closed the previous session on Friday at Rs 53.04 apiece jumped by five per cent to a 52-week high of Rs 55.69 each on Monday.

The large-cap renewable energy closed trading up by 3.15 per cent, or Rs 1.67, at Rs 54.71 on Monday.

The stock of Suzlon Energy also hit a 52-week high on Friday.

The Suzlon Energy stock has been gaining momentum due to multiple order wins and the central government's focus on renewable energy in the last few years.

There was also a bulk deal of 78 lakh shares of Suzlon Energy on Friday.

Suzlon Energy Share Performance

The stock of Suzlon Energy has soared by 19.39 per cent in the one month, 48.67 per cent in the six months, and 291.86 per cent in the one year.

Benchmark Nifty 50, meanwhile, has risen by 2.53 per cent in the one month, 9.78 per cent in the six months, and 25.93 per cent in the one year.