Suzlon Energy shares jumped more than 13% this week. The rise was caused by positive investor sentiment after Morgan Stanley assigned an overweight rating to the renewable energy company.
The company also recently received a huge deal for 1,166 MW from NTPC Green Energy. This substantial public sector order marks Suzlon’s comeback to significant contracts after a period of ineligibility due to its negative net worth.
According to the contract, Suzlon will set up 370 S144 wind turbines (WTGs), each with a 3.15 MW rated capacity, to provide electricity to 3 million households. This project, India’s largest wind energy order, will be carried out at three places in Gujarat.
Stock Performance on Friday
– Open: ₹82.14
– High: ₹84.50
– Low: ₹80.80
