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Suzlon Energy touches roof on reporting 81% rise in Q2 consolidated net profit

Suzlon Energy is currently trading at its upper limit of Rs. 34.44, up by 1.64 points or 5.00% from its previous closing of Rs. 32.80 on the BSE.

The scrip opened at Rs. 33.08 and has touched a high and low of Rs. 34.44 and Rs. 33.05 respectively. So far 24668379 shares were traded on the counter.

The BSE group ‘T’ stock of face value Rs. 2 has touched a 52 week high of Rs. 34.44 on 03-Nov-2023 and a 52 week low of Rs. 6.96 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 34.44 and Rs. 30.11 respectively. The current market cap of the company is Rs. 46882.10 Crore.

The promoters holding in the company stood at 13.29%, while Institutions and Non-Institutions held 20.71% and 66.00% respectively.

Suzlon Energy has reported net loss at Rs 5.36 crore for Q2FY24 as compared to Net Profit of Rs 4.40 crore for the same quarter in the previous year. Total income of the company decreased by 14.50% at Rs 811.54 crore for Q2FY24 as compared Rs 949.19 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 81.14% rise in its net profit at Rs 102.29 crore for the quarter under review as compared to Rs 56.47 crore for the same quarter in the previous year. However, total income of the company decreased by 0.96% at Rs 1,428.69 crore for Q2FY24 as compared Rs 1,442.58 crore for the corresponding quarter previous year.



This post first appeared on Udaipur Kiran, please read the originial post: here

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Suzlon Energy touches roof on reporting 81% rise in Q2 consolidated net profit

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