Shares of Suzlon Energy hit nine-year high of Rs 34.44, up 5 per cent on the BSE in Friday’s intraday trade, after the company reported 82 per cent year-on-year (Y-o-Y) rise in its consolidated profit after tax (PAT) at Rs 102 crore for the September quarter (Q2FY24) mainly due to decline in expenses. The company had posted PAT of Rs 56 crore in the year ago quarter. Shares of Suzlon Energy were quoting at their highest level since June 2014. It surpassed its previous high of Rs 34.10, touched on October 23. Thus far in the financial year 2023-24, the market price of Suzlon Energy has zoomed 335 per cent from a level of Rs 7.90 at the end of March 2023.
