Multibagger Stocks:
In the stock market, the shares of many small sector companies have given excellent returns. Similarly, an energy sector stock has made investors rich in a short time. This stock has multiplied the investors’ money by more than 5 times in a year.
That means if someone has invested one lakh, then his amount would have become more than 5 lakhs now.
Now this company’s stock is seeing a jump once again. We are talking about the energy sector stock Suzlon Energy, which has given a return of 411% in a year. Today i.e. on Thursday also, Suzlon’s stock has reached Rs 40.40 with a gain of 5%. Its 52-week high level is Rs 50.60, while its 52-week low level is Rs 6.95.
The price was once at Rs 370
Suzlon Energy Stock was trading at Rs 373 per share on 4 January 2008, but on 6 September 2013 it fell to Rs 5. During this period, its stock swallowed 98 percent of the investors’ money. Right now, this stock has come down to Rs 40. In such a situation, investors have got a return of more than 500 percent from September 2013 till now.
How far will this stock go
Regarding the rise in the stock of Suzlon Energy, brokerage house Anand Rathi Securities said that its shares can touch the level of ₹ 50 again. Anand Rathi has set a target of Rs 49 on this stock. According to the brokerage, Suzlon has a 32 percent share in the wind energy market in India. It can play a big role in the coming days. Also, its profit can grow at an annual rate of 64% between the financial year 2024-2026.
This big risk in front of Suzlon
The brokerage said that this company also faces many risks. Adverse government policy, slower than expected pace in wind turbine generator and big competition can be a big risk for Suzlon.