Suzlon‘s share price has been on an impressive rally recently. The company’s shares have surged over 60% since the start of the year, backed by several new orders and strong Q4 numbers. However, for two consecutive sessions now, shares of the energy company have been under pressure ahead of its board meeting to consider raising funds.
The Investment: If you invest ₹10,000 in Suzlon today, with the stock trading at around ₹17, you would receive approximately 588 shares of the company. Now, if Suzlon continues the upward trend, and goes on to hit its all-time high price of ₹431, the value of your 588 shares would surge up to ₹253,428. This would represent a substantial return on your initial investment.
The Risk: While Suzlon’s recent performance and analyst ratings are promising, there’s no guarantee that the stock will reach its all-time high again. It’s essential to do thorough research and consider your risk tolerance before investing.
Suzlon’s journey on the bourses has been unpredictable and volatile. The company’s fall from the all-time high that it hit in 2008 has been steep. Back then, the company ran into quality issues with its products leading to a massive product callback. Since then its troubles kept growing, as it ran into debt issues, and the stock continued its massive drop. It is only recently that the stock has picked up steam.
Price Action: Suzlon’s share price was up 1.15% to trade at ₹17.60 in the late hours of trading on Thursday.
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