Suzlon Energy surges 5%: Know Why

Suzlon Energy witnessed a robust surge of 5 percent on November 24, reclaiming the Rs 40 milestone and building upon the momentum from the previous day’s rally.

The stock has demonstrated an impressive ascent, boasting a remarkable 27 percent surge in the last month and edging closer to its 52-week high. This upward trajectory is underpinned by the company’s enhanced financial performance and a robust order book.

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Investor enthusiasm has been notably piqued by Suzlon Energy management’s strategic emphasis on securing high-value quality orders, a move anticipated to translate into improved profit margins.

As of 12:12 pm, the shares continued their positive momentum, trading 4.46% higher at ₹40.95.