Suzlon Energy soars 18% to hit over 5-year high amid heavy volumes

Shares of Suzlon Energy soared 18 per cent to hit over five-year high of Rs 14.39 in Wednesday’s intra-day trade, amid heavy volumes. The stock of the country’s largest renewable energy solutions provider traded at its highest level since February 2018.

In comparison, the S&P BSE Sensex was up 0.24 per cent at 62,942 at 12:41 pm. A combined 1,121 million shares, which represented 11.1 per cent total equity of Suzlon Energy changed hands on the NSE and BSE.

In the past three days, it zoomed 31 per cent, whereas so far in the current financial year 2023-24, the stock zoomed 82 per cent from Rs 7.9 on March 31.