The current price of Suzlon shares: Suzlon Energy, a renewable energy company, is among the most discussed stocks listed in India. They have emerged as one of the prominent gainers, delivering multibagger returns to investors.

Suzlon stock has doubled money in just a span of six months.

On Wednesday, the shares of Akshay Urja Company opened at ₹41.50 on the BSE but experienced a decline of nearly 1%, reaching a lower level of ₹40.35. According to available data on the BSE, there has been a decline of over 5% in the last two weeks in stocks listed on the S&P BSE 500 index.

Suzlon: Profit Booking or Losing its Sizzle

The latest shareholding data on the Bombay Stock Exchange (BSE) indicates that mutual funds have reduced their stake in the company to 1.33% in the quarter ending December 2023, compared to 4.7% at the end of September 2023.

The Equity Fund, which had a 1.23% stake in Suzlon until the September 2023 quarter, is not included in the latest December 2023 holding data. Either the fund has reduced its stake to less than 1%, or it has completely exited Suzlon.

Apart from this, Bank of Baroda, which had a 1.05 percent stake at the end of the September quarter, is not included in the latest shareholding details, indicating its withdrawal.

Suzlon Share Price History

In the last month, Suzlon Energy’s shares have increased by 10.32%, while over the past three months, there has been a return of 29%. Over the last six months, the stock has risen by 105%, and in the past year, it has made a leap of over 325%, significantly increasing investors’ wealth.

Disclaimer: The above article is for informational purposes only and should not be considered as financial advice. ET Now Digital suggests its readers/viewers to consult with their financial advisors before making any financial decisions.