Multibagger Stocks: 500% returns in 3 years, Suzlon Energy made investors rich, today felt upper circuit – suzlon energy share gave 500 percent returns in just 3 years

New Delhi : When it comes to multibagger stocks, the name of Suzlon Energy Share also comes up. Suzlon Energy’s stock has given a stupendous return of 500% in the last 3 years. Suzlon Group is a leading player in Renewable Energy Solutions. It boasts of an impressive wind power capacity of over 20 GW in 17 countries around the world. The group is made up of Suzlon Energy Limited and its subsidiaries. Suzlon Group is headquartered in Pune.

The group has integrated research and development centers in several countries, including Germany, the Netherlands, Denmark and India. Suzlon has been operating for over 28 years with state-of-the-art manufacturing facilities in India. The company is India’s leading wind energy service provider. It manages a service portfolio of over 14 GW of wind energy assets. With an installed capacity of around 6 GW outside India, Suzlon Group also has a strong presence internationally.

Suzlon Energy Limited has recently announced its Q1FY24 results. Accordingly, the company’s sales have decreased by 2% as compared to Q1FY23. It stood at Rs 1,351 crore. While the operating profit of the company declined by 7% and stood at Rs 199 crore. Similarly, the net profit of the company stood at Rs 101 crore. While it was Rs 2,433 crore in Q1 FY23.

Suzlon Energy stock has given a handsome return of 166% in the last one year. At the same time, the company has given an extraordinary return of 519% in the last 3 years. Furthermore, the company has a ROCE of 20.6%. On Wednesday, the company’s shares hit an upper circuit of 5%, taking it to Rs 21.93. Moreover, the volume of the stock increased by more than 1.43 times.

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