Suzlon Energy’s stock surged 5% in the morning trade to hit a high of Rs 29.50 and was the top volume gainer in the market. The stock has surged over 10% in the last 3 days and is also trading higher than its daily average volumes.
The stock has surged for three consecutive days after the company’s promoters released 97.1 crore pledged shares from SBICAP Trustee Company Ltd.
Recently, the shares hit their highest point in eight years, and in 2023 alone, they’ve gone up by more than 150%.
As of 11:55 AM, Suzlon Energy’s shares were up by 4.98%, or 1.40, priced at ₹29.50.
