Once declared a dud stock, Suzlon has generated stellar returns for investors thus far this calendar year. On a year-to-date (YTD) basis, Suzlon's share price has doubled investor wealth by soaring 109.35 per cent on the bourses. By comparison, the benchmark BSE Sensex has gained just 11.2 per cent.
The rally has also taken the company's market capitalisation past the ₹1 trillion mark.
Following the feat, analysts, however, suggest investors partially book profit in the stock, while maintaining some exposure for longterm gains. "Suzlon's stock has shown strong growth potential over the past few months, fuelled by sectoral tailwinds and operational improvements. It is, however, essential to remain cautious of the potential risks ahead. Thus, a prudent strategy, at this juncture, would be to partially book profit to lock-in gains, while retaining some exposure to reap benefit from further upside," said Nirav Karkera, head of research at Fisdom.
The rise and rise of Suzlon
Bu hikaye Business Standard dergisinin August 17, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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