Suzlon Energy

Suzlon share price has fallen 3% in one month and has rallied over 32% in three months. The stock has gained 3% in six months, but has fallen 20% in one year. Suzlon shares have delivered multibagger returns of 393% in three years.

The company’s ‘Suzlon 2.0’ strategy aims to turn it into a one-stop renewable energy solutions provider spanning wind, solar and battery storage, while staying capital-light and reviving exports.

All three trade for less than ₹ 100 a share, and at a lower price-to-earnings and price-to-book ratio than the indices to which they belong.

Suzlon Energy share price dropped nearly 5% after SEBI imposed penalties of around ₹ 29 crore for financial reporting violations. The regulator found multiple infractions by the company and former executives, stemming from a 2019 anonymous tip that initiated a detailed investigation.

JP Power, Vodafone Idea, NMDC Steel, Suzlon Energy, YES Bank, Ola Electric Mobility, Dharan Infra-EPC, PC Jeweller, and GTL Infrastructure were the most traded stocks on the NSE.

Sebi said Suzlon structured transactions between its subsidiaries in a manner that artificially inflated profits, net worth and investor perception, even though the dealings lacked genuine economic substance.

Most traded stocks today: JP Power, Vodafone Idea, PC Jeweller, Ola Electric Mobility, GTL Infrastructure, YES Bank, HFCL, Suzlon Energy, GMR Airports, and Coal India were among the most traded stocks on the NSE.

Suzlon Energy has seen a remarkable stock recovery, climbing 50% amid improved investor sentiment and rising renewable energy demand. The company reported strong quarterly earnings, and brokerages express confidence in its growth, maintaining 'Buy' ratings with target prices from ₹ 60 to ₹ 71.