The globally acclaimed investor, Mukul Agrawal, renowned for his intelligent investments resulting in remarkable turnarounds and significant wins due to fundamental shifts, has recently increased his portfolio by acquiring a 1.04% stake in Suzlon Energy. It’s reported that Agrawal procured the stakes in Suzlon Energy for 13 crore in the quarter concluding in June. The most recent shareholding pattern data presented by BSE revealed that these skilled investors secured up to 13 crore shares in Suzlon Energy, which has been showing strong momentum this week. The returns generated by this share currently may astonish you. Let’s delve further into the particulars and uncover more information about Mukul Mahavir Agrawal’s recent success with Suzlon Energy. Please continue scrolling down for more in-depth details.
Suzlon Energy’s shares hit a 5% upper circuit on the BSE 52-week high of Rs 19.66 on Friday. The BSE listed companies’ Shareholding Pattern reveals the shareholding of individual investors upon obtaining a 1% or higher stake in the company. Following the substantial upswing in Suzlon Energy’s shares, interest in the company grew among the public. Reports indicate that Suzlon Energy, headquartered in Pune, is a provider of renewable energy solutions. More details about this company are available in the following section. Please continue to scroll down the page.
Suzlon Energy, a global company operating in 17 countries spanning Europe, Asia, Australia, Africa, and the Americas, has seen its shares significantly rise in recent trading sessions. Over the past week, Suzlon Energy’s shares have exhibited remarkable momentum, gaining over 11% in just five trading days. Interestingly, the company’s stock has seemingly outperformed the S&P BSE Sensex, which posted 0.94% returns during the same period. Furthermore, Suzlon Energy’s stock has also eclipsed the sector, delivering 2.55% returns as measured by the S&P BSE Capital Goods index. To learn more about this, please continue reading the article.
A statement was made on Rakesh Jhunjhunwala’s official social media account stating, “Astute investors have the ability to predict when unpopular stocks will recover and become significant winners due to underlying changes. They place well-thought-out wagers. In the instance of Suzlon, Mukul Agrawal purchased 13L shares when it was in disfavor & has since enjoyed substantial benefits. The stock has risen 220% YoY.” According to a report, Suzlon Energy is slated to reveal its earnings for the June quarter on July 25, 2023. Nonetheless, for the quarter that ended on March 31, 2023, the company registered a net loss of Rs 5.92 crore, an improvement compared to a loss of Rs 30.72 crore in the same quarter of the preceding financial year.