The total market capitalization of Vodafone Idea briefly topped Rs 90,000 crore mark on Thursday at a price of Rs 13.50, after the listing of its recently issued securities.
Once on the brink of bankruptcy, Suzlon is now completely debt-free. Over the past year, its shares have risen 6x, and the company has been garnering a lot of investor interest. But many still feel there is a tailwind that is powering Suzlon. Can it become India Incs rarest of the rare comeback story? Read on.
Shares of Suzlon Energy rose another 5 per cent to Rs 48.31, hitting its 52-week high, at Rs 48.31 on Thursday, with a total market capitalization of more than Rs 65,500 crore.
Earnings before interest, taxes, depreciation and amortization or EBITDA surged nearly 17% YoY to Rs 247 crore, and operating margins improved 120 basis points to 15.9%.