In December last year, we had put out a post “Is Suzlon Energy Limited a good stock to buy?” analysing the inherent strengths and weaknesses of Suzlon. We had suggested investing in the Penny stock of that time as a long-term investment option. However, what we did not anticipate was the roaring returns it would give in. The stock is currently trading 6x times from those levels at almost Rs. 50 rupees per share.
Suzlon Share price
So what we are seeing here is 165% returns over the past 6 months, and a phenomenal growth. So if you had invested one lakh rupees at Rs. 8 per share of Suzlon which translates to about 12500 shares, today, that would be worth Rs. a whopping 6,25,000. What a run this market is having now. With the Government’s increasing stress on renewable energy and a global aversion for coal and other polluting energy sources, we feel that the market will continue to invest heavily in Suzlon, turning it into a great stock to have in our kitty.
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