Suzlon Energy hits over 5-year high; zooms 105% in 7 weeks
Shares of Suzlon Energy (Suzlon) hit an over five-year high of Rs 16.86, as they rallied 10 per cent on the BSE in Monday’s intra-day trade amid heavy volumes. In past two trading days, the stock has surged 20 per cent after the brokerage firm ICICI Securities initiated the coverage on Suzlon with ‘Buy’ rating and a target price of Rs 22 per share.
The average trading volumes at the counter jumped nearly two-fold today. A combined 430.91 million equity shares changed hands on the NSE and BSE till 10:27 AM.
