Suzlon Energy is currently trading at Rs.76.3, up by 1.66 points or 2.22% from its previous closing of Rs. 74.73 on the BSE.
The scrip opened at Rs. 75.28 and has touched a high and low of Rs. 75.53 and Rs. 72.80 respectively. So far 3232431 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 84.40 on 13-Aug-2024 and a 52 week low of Rs. 21.71 on 13-Sep-2023.
Last one week high and low of the scrip stood at Rs. 77.35 and Rs. 72.54 respectively. The current market cap of the company is Rs. 100830.59 crore.
The promoters holding in the company stood at 13.27%, while Institutions and Non-Institutions held 30.70% and 56.04% respectively.
Suzlon Energy has completed the acquisition of 51% of the equity share capital of Renom Energy Services (Renom). With the said acquisition, Renom has now become a subsidiary of the Company.
Earlier, Suzlon Group had executed definitive agreements for the acquisition of a 76% stake in Renom, in two tranches, from the Sanjay Ghodawat Group (SGG). The first tranche involves the acquisition of a 51% stake for a consideration of Rs 400 crore. In the second tranche, Suzlon will acquire an additional 25% stake within 18 months from the acquisition of the first tranche for a consideration of Rs 260 crore.
This strategic acquisition will help unlock Renom’s core potential and position it from a place of strength to become a leading Independent Service Provider (ISP) and custodian of multi brand renewable energy assets. This deal will also enable Renom to leverage the massive opportunity of targeting over 32 GW of non-Suzlon wind energy assets in the country.
Suzlon Energy is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy over the world. It has state of the art R & D centers & training campuses in India. Suzlon Group comprises of Suzlon Energy and its subsidiaries.
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| Apar Inds | 9934.25 |
| Waaree Energies | 2877.90 |
| ABB India | 6923.80 |
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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