Suzlon Energy share price: Analysts largely observed that the counter could be "in demand till it sustains above Rs 10.40." One analyst felt that the stock may move up to Rs 19 while another suggested an uptrend till Rs 13.6 mark.
Share price of Suzlon Energy gained 5.89 per cent to Rs 7.90 against the previous close of Rs 7.46 on BSE. Market capitalisation of Suzlon Energy rose to Rs 7,836 crore.
Suzlon Energy share price: The company will issue a total of 240 crore equity shares at Rs 5 per share as part of the rights issue worth Rs 1,200 crore; bulk of the proceeds have been earmarked for repayment or pre-payment of debt, pegged at Rs 3,200 crore as on June 30, 2022.
Tracking Suzlon Energy stock today: Share price of Suzlon Energy gained 3.73 per cent to Rs 11.11 against the previous close of Rs 10.71 on BSE. The market capitalisation of Suzlon Energy rose to Rs 10,532 crore.
Suzlon posted a multi-fold rise in its net profit, at Rs 2,432.55 crore, in the June quarter compared to the year-ago period, helped by exceptional gains.