India's Suzlon Energy surges on Q1 profit rise

Suzlon Energy

23/07/2024 06:24

** Shares of Suzlon Energy  SUZL.NS  up 4.8% to 57.73
rupees, its highest since May 2010 
    ** The renewable energy firm's Q1 consol net profit jumped
nearly three-fold y/y, while rev from ops grew ~50% 
    ** Over 135 mln shares traded, stock eyes busiest trading
session in a month 
    ** Analysts avg rating on stock is "Buy", median PT is 58
rupees - a 5% premium on last close, per LSEG data 
    ** Including session's gains, stock is up ~51% YTD 


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))