Suzlon Energy shares hit 5% upper circuit; rise for fourth session; what's next?

Shares of renewable energy firm Suzlon Energy Ltd gained for the fourth straight session today amid volatility in the broader market. The stock has risen nearly 9% or Rs 1.59 since Friday last week. In the last three months, the Suzlon Energy stock has zoomed 132%. The stock’s current phase of rally started on Friday (August 4) when it snapped two days of losing streak while falling 7% in the last two sessions. In the current session, shares of Suzlon Energy rose 5% intraday to Rs 19.56 on BSE against the previous close of Rs 18.63. Market cap of Suzlon Energy rose to Rs 24,122 crore. Turnover and volumes were high for the Suzlon Energy stock with 460.29 lakh shares changing hands amounting to a turnover of Rs 89.57 crore on BSE.

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