Suzlon Energy is currently trading at Rs. 23.10, up by 0.65 points or 2.90% from its previous closing of Rs. 22.45 on the BSE.
The scrip opened at Rs. 22.70 and has touched a high and low of Rs. 23.10 and Rs. 22.60 respectively. So far 9,06,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 58.45 on 21-Apr-2011 and a 52 week low of Rs. 17.25 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 23.10 and Rs. 17.75 respectively. The current market cap of the company is Rs. 4,105.00 crore.
The promoters holding in the company stood at 52.76% while Institutions and Non-Institutions held 13.38% and 33.70% respectively.
Suzlon Energy (SEL), the world's fifth leading and India's largest wind turbine manufacturer, has inked a memorandum of understanding (MOU) with the Government of Andhra Pradesh for the development of wind capacity in the state totaling 3,000 MW between 2012 and 2016, creating potential investments of up to Rs 18,000 crore.
Under the MOU the Andhra Pradesh government will facilitate Suzlon Energy in obtaining necessary permissions, registrations, approvals and clearances for the development of the wind farms. The company in turn, will play the role of a developer and facilitate the channelization of investments into the state through its customers investing in wind energy.
The MOU was signed under the auspices of the Partnership Summit 2012 in the presence of chief minister of Andhra Pradesh.
Suzlon Energy is the flagship company of the dynamically growing Suzlon Group. Suzlon energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. The company now has global presence in five continents with manpower of over 13,000 people located in 14 countries.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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