A penny stock in the Renewable Energy Developer segment is surpassing the mighty Suzlon Energy in terms of returns. This introduces the concept of opportunity cost – the benefits foregone when choosing one alternative over another.

Penny stock below Rs 21: The next Suzlon-like move is possible in the stock; keep on watchlist! Suzlon Energy's remarkable journey from a single-digit stock to nearly touching the Rs 30-mark and scaling to near its 10-year high is nothing short of impressive. The question on everyone's mind now is whether another stock can replicate this success story.

Shares of the company have generated an impressive return of 300 per cent in the last two years.

The business stated that it has passed the 20GW wind energy installations milestone, with 12,467 wind turbines placed across 17 countries across six continents, solidifying Suzlon's position as a prominent participant in the global wind energy scene.

On Wednesday, the Sensex gained by 346 points to close at 57,960.09, while the Nifty 50 surged by 129 points to close at 17,080.70

The government has allocated Rs 20,000 crore towards building hydrogen economy in India

The stock has a PE multiple of 6.16 and an ROE of 368.02 per cent respectively.

Here is an interesting insight, the stock a saw good institutional activity in the month of November as many of the mutual funds were seen adding or fresh buying to their holding and here are the complete details as follow: 

The funds raised through the issue will be used for repayment or pre-payment of a portion of certain outstanding borrowings availed by the company and its subsidiaries as well as for other general corporate purposes.   

The stock has gained 43.31 per cent in the last one year and in the last three-years it has been delivered jaw-dropping returns of 193.55 per cent, as a result, the stock has turned into a multi-bagger.

At 11.45 am on Monday, the headline equity indices, i.e. Sensex and Nifty 50 are trading marginally higher on the bourses as India became the fifth-largest economy for the year ended March 2022, overtaking the UK in terms of its GDP.