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This energy stock has given strong returns to people, will investing in it today be profitable?

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This energy stock has given strong returns to people, will investing in it today be profitable?


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TezzBuzz Staff by TezzBuzz Staff
July 20, 2024
in Entertainment
0
This energy stock has given strong returns to people, will investing in it today be profitable?

Recently, there has been a lot of growth in the energy sector, which has benefited the companies working in this sector. One of these companies is Suzlon Energy, which has given strong returns to investors in the last 5 years. In this article, we will learn about this company and how you can earn good profits in the long term by investing in this company. Suzlon Energy has rapidly promoted its global expansion, gaining recognition for its technical expertise and innovation. Suzlon, a leading company in the wind energy sector, has established a presence in 17 countries around the world.

By 27 March 2020, the share price had fallen to ₹1.72

The company has installed over 12,960 wind turbines across 6 continents and operates 14 world-class manufacturing units in India. Suzlon represents India in the field of wind energy innovation. Suzlon Energy's share price was ₹398 on 11 January 2008. By 27 March 2020, the share price had fallen to ₹1.72. Since then, the company's stock has gradually recovered to reach ₹4.55 on 12 July. Following this recovery period, the stock has seen a rally to reach ₹54.68 on 12 July 2024.

It is a good time to consolidate your investments

During this period, the company gave a great return of 1,101.76% to the investors. For example, if you have invested up to ₹ 1 lakh in Suzlon Energy shares on 12 July 2019, then the value of the investment has become 1,01,000 till now. This return shows good income through timely investment in the right company. Suzlon Energy shares have seen a lot of growth in the last 1 year. On 12 July 2023, the stock was trending at ₹ 18, but within 1 year, by 12 July 2024, it reached 54.68, which shows an increment of 211.57%. This jump has provided a lot of benefits to the investor. In the last month itself, Suzlon Energy shares have given a return of 9.65%, making the company a possibility for those investing in the power sector. It is a good time for investors to monitor the performance of Suzlon Energy and strengthen their investments.

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