Suzlon Energy Ltd

Suzlon achieved has debt-free status by raising funds through various methods, including a QIP and a rights issue. By the end of March 2024, the company had a net cash balance of Rs 1,100 crore.

Suzlon Energy stock slumps 5% after independent director quits; Nuvama retains 'buy' rating

An independent director on the board of Suzlon Energy - Marc Desaedeleer - tendered his resignation from the board on Saturday, June 8, the company informed through a regulatory filing.

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About 1,892 shares advanced, 1,496 declined and 117 remained unchanged on July 11.

Suzlon shares soar, but headwinds could be building up

The company's market capitalisation has multiplied by over 2.2 times in the last two months, reaching Rs 22,500 crore from Rs 1.01 lakh crore. The stock price has increased by more than 100 percent in the period.

Suzlon Energy gains 3%, trades at 5-year-high levels

ICICI securities has given a 'buy' rating on the stock, with a target price of Rs 22 per share, valuing it at 24 times the estimated earnings per share (EPS) for FY25

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The Sensex was down 346.89 points or 0.55 percent at 62,622.24, and the Nifty was down 99.40 points or 0.53 percent at 18,534.40. About 1,679 shares advanced, 1,733 shares declined, and 133 shares were unchanged.

Suzlon Energy shares jump 9% after on the back of strong Q4 numbers

The wind energy solutions provider posted a consolidated net profit of Rs 320 crore for the quarter ended March quarter on the back of lower expenses.

Suzlon Energy's Rs 1,200-crore rights issue oversubscribed by 1.8 times

The allotment and listing formalities of the new shares on the BSE & NSE is expected to be completed by the first week of November 2022, it stated.

Suzlon Energy Founder and Chairman Tulsi Tanti passes away

"Shri Tanti suffered a cardiac arrest and passed away on October 1," the company said in a statement.

Suzlon Energy falls 9% on weak March quarter earnings

Shares of Suzlon Energy have fallen 23 percent in 2022 but have given 23 percent returns in the past year

Brookfield mulls majority stake in debt-ridden Suzlon: Report

The firm is consulting with a financial advisor to evaluate the deal which would include acquiring stake by buying new shares and putting up open offers for existing shareholders

Suzlon reports Rs 32.68 cr loss in December quarter

The company's total income from operations in the quarter was Rs 2,237.37 crore compared to Rs 3,341.48 crore a year ago.

Technical outlook for the fortnight

Traders and investors should pick individual stocks within sectors that are likely to post good earnings while keeping the growth momentum intact.