– Shares of Suzlon Energy locked in upper circuit limit, rallying 5% and commanding market capitalisation of over Rs 82,700 crore
– Suzlon Energy reported net profit of Rs 300 crore in June 2024 quarter, up 200% YoY
– Company’s revenue stood at Rs 2,016 crore in Q1FY25, up 50% YoY
– Deliveries at highest level in 7 years, Ebitda rose 86% to Rs 370 crore in Q1FY25
– Stock has delivered multibagger returns, up nearly 675% in last 15 months and 60% in current year
– Morgan Stanley remains bullish on Suzlon Energy with target price of Rs 58.5 per share
– Company’s Daman plant contributes to 60% of turbines supplied globally
– Company hosting 29th annual general meeting on September 10 and facing penalty by GST Department of Rs 2,84,595.