Suzlon Energy shares zoom 80% in one month. Is it the beginning or peak of the rally?
Suzlon Energy’s shares have surged around 80% in the last month on the back of a strong order book accumulated recently and favourable industry tailwinds. The company recently became net-worth positive after a decade and decreased its net debt by 80% YoY to INR1,180 crore in the fiscal year 2022-23. The firm has a big order book and offers a wide range of wind turbines from 225 kW to the recently-launched 3 MW-S414 series.
