Suzlon Energy’s stock witnessed a rise of over 2% today as CRISIL upgraded the credit rating of its wholly-owned subsidiary, SE Forge Limited, to BBB+ with a positive outlook. The upgrade reflects SE Forge’s enhanced financial performance and profitability.
The market capitalization of Suzlon Energy surged to ₹84,381 crore on the BSE. Over the past year, Suzlon shares have climbed 62% and gained a staggering 482% over two years, making it a significant multibagger stock. During today’s session, the stock recorded a turnover of ₹19.09 crore, with 30.93 lakh shares exchanging hands on the BSE.
Additionally, CRISIL Ratings upgraded Suzlon Energy’s credit rating to ‘CRISIL A’ with a positive outlook, further underlining the company’s strong operational performance and financial stability.
The continuous improvement in Suzlon’s credit ratings aligns with its robust expansion plans and growing footprint in the green energy sector.
