Suzlon Energy stock has witnessed a 14% correction over the last three trading sessions after hitting back-to-back 52-week highs. The last time it was on Friday when Suzlon Energy shares scaled a Rs 44 peak on the NSE.
Suzlon Energy shares have seen heightened investor interest over the last one year as the stock has given returns of over 140% during this time. The six-month return stands in excess of 160%.
Shares of renewable energy firm Suzlon Energy Ltd scaled a fresh 52-week high for the fourth consecutive session today. Suzlon Energy stock gained 4.3% to Rs 27, a fresh yearly high on BSE. With today’s rally, Suzlon Energy shares have climbed over 20% in the last four sessions. The stock closed at Rs 22.38 on August 25. Since then, it has gained Rs 4.6 or 20.55% this week. Later, the stock slipped 8.51% from 52-week high to Rs 24.70 on BSE. At 9:28 am, the Suzlon Energy stock was trading 4.17% lower at Rs 24.81.
Multibagger stock: Suzlon Energy shares hit a 52-week high for the third consecutive session. They gained 4.99% to Rs 25.89 in the current session. Market cap of Suzlon Energy climbed to Rs 33,448 crore on BSE.