Suzlon Energy stock: The share of Suzlon Energy Ltd (NSE: SUZLON), India’s largest renewable energy solution provider, fell 6.30% to an intraday low of ₹ 58.56 on Monday, November 11.
It slipped below ₹ 60 for the first time since late July. However, the stock recouped its losses and last traded 0.54% lower at ₹ 62.84 per share.
Shares’ Condition
From March 2023 to September 2024, this stock saw tremendous growth. During this period, the stock has grown by 913%. Since then, it has been witnessing continuous profit-making.
So far in the current month, it has declined by 6.5%. However, this stock has also seen gains of up to 2,651.11% over 5 years.
During this period, the stock rose from Rs 1 to the current price, registering a gain of 60.16% in a year.
The stock is now trading 28% lower than its recent one-year high of 60.78%. Its market cap is Rs 84,810 crore crore.
Resignation Of CEO Of New Business
In an exchange filing on Friday, the company informed investors that Ishwar Chand Mangal, CEO of New Business, resigned at the close of business on November 8, 2024, to pursue new challenges and opportunities outside the company.
The company, in a notice to the stock exchange, said about the resignation that Mangal has resigned from his position with effect from the close of business on November 8, 2024, to explore new opportunities outside.
Quick Fact
| Company name | Suzlon Energy |
|---|---|
| Stock price | ₹ 61.90 (-0.96%) |
| Market cap | ₹ 84,810 crore |
| 5-year growth | 2,651.11% |
| 1-year growth | 60.16% |
| Recent month change | -16.36% |
| Intraday low (Nov 11) | ₹ 58.56 |
| Recent one-year high | ₹ 60.78% |
| Decline from high | 28% lower than the recent one-year high |
| CEO resignation date | November 8, 2024 |
| CEO of New Business | Ishwar Chand Mangal |
| CEO resignation reason | Pursuing new opportunities outside |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
