FIIs bought 94,60,13,144 shares while DIIs sold 49,71,85,285 shares & Mukul Agrawal sold 13 crore shares of this multibagger stock below Rs 50; turned Rs 1 lakh to Rs 5.93 lakh in less than 1 year!
On the border market, the BSE Mid-cap Index is up by 1.71 per cent and the BSE Small-cap Index is up by 1.72 per cent.
Today, the Indian benchmark indices started the day in green with the BSE Sensex Index up 0.98 per cent while the NSE Nifty-50 Index up 1.01 per cent. On the border market, the BSE Mid-Cap Index is up by 1.71 per cent and the BSE Small-Cap Index is up by 1.72 per cent. Along with the market in green, one multibagger stock also ended the day in green, up 0.12 per cent to Rs 41.20 per share with an intraday high of Rs 41.60 and an intraday low of Rs 40.35.
The stock name is SUZLON ENERGY LTD.
Suzlon Energy Ltd, a leading renewable energy powerhouse with a market cap exceeding Rs 55,000 crore, cements its dominance by joining the prestigious ranks of both the BSE Mid-cap and Power Indices.
In December 2023, Foreign institutional investors (FIIs) bought FIIs bought 94,60,13,144 shares while Domestic Institutional Investors (DIIs) sold 49,71,85,285 shares and Mukul Agrawal sold 13 crore shares. Currently, promoters own a 13.28 per cent stake, FIIs own a 17.83 per cent stake, DIIs own a 6.16 per cent stake and the public owns a 62.74 per cent stake in the company.
Earlier, Suzlon snagged 726 MW+ wind orders for its 3-MW series:
- 225 MW for captive & C&I in Tamil Nadu (powers 185k homes, cuts 731k CO2 tons)
- 300 MW SECI auction win in Karnataka (powers 247k homes, cuts 975k CO2 tons)
- 100.8 MW repeat order in Karnataka (powers 77k homes, cuts 302k CO2 tons)
- 100.8 MW for Mahindra Susten in Maharashtra (full scope services, powers C&I)
Boasting a robust order book surpassing 1,613 MW as of September 2023, followed by a massive investment of 68 crore shares (5.01 per cent stake) by BlackRock in November, the company has experienced a meteoric rise. This recent successful placement has resulted in a debt-free balance sheet and a hefty Rs 600 crore net cash surplus, painting a picture of exceptional financial health and promising future prospects.
If, an investor who took a chance on 14,388 shares at rock bottom prices on March 28, 2023, has seen their investment soar 492 per cent to Rs 5,92,785 as of today. By scooping up shares at the 52-week low of Rs 6.95 each, the investor has struck gold, with the current price of Rs 41.20 per share delivering a windfall profit.
Do you own Suzlon Energy Ltd.’s stock in your portfolio? Do let us know in the comments below
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched mid-cap stocks for smart investing. If this interests you, do download the service details here.