Suzlon Energy manufactures wind turbines and provides maintenance services. It has installed over 20.7GW of capacity worldwide. The stock of Suzlon Energy has increased by 108% this year, outperforming the Nifty 50, which only gained 12% during the same period.

On August 12, shares of Suzlon Energy reached a multi-year high of Rs 80.36 on NSE, marking a 5% increase. Last week, the stock crossed the Rs 1 lakh crore market capitalisation milestone and saw a 47% return in just one month. This is the highest level the stock has been at since March 2010.

Suzlon shares have increased for four consecutive trading days after the company acquired a 76% stake in Renom Energy Services Private Limited from the Sanjay Ghodawat Group.

The acquisition is expected to open new opportunities for Suzlon, especially in emerging repowering markets. The move is seen as strategic, expanding Suzlon’s market presence and creating value. Suzlon’s market capitalisation now stands at Rs 1.1 lakh crore.

This year, the stock has surged by 108%, outperforming the Nifty 50’s 12% gain. Over the past year, the stock has delivered exceptional returns of around 300%, quadrupling investors’ capital.

At 3:30 pm, the shares of Suzlon Energy were locked at 5% upper circuit at Rs 80.36 on NSE.

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