Suzlon Energy Shares Rally 2.4% Amid Heavy Trading Volumes; Check Details

Shares of Suzlon Energy Ltd jumped much than 2 per cent during nan trading convention connected Monday amid dense trading volumes pursuing nan news travel regarding artifact deals by nan promoter family and trust. However, nan volumes remained little than what were expected based connected media reports.

According to nan reports, astir 1 per cent liking aliases 13.5 crore equity shares of Suzlon Energy were traded successful nan artifact woody which happened successful nan pre-opening session. However, Business Today could not ascertain nan specifications of buyers and sellers astatine nan clip of penning this report.

Following nan dense waste and acquisition volumes, shares of Suzlon Energy surged astir 2.4 per cent to Rs 68.30 connected Monday, commanding a full marketplace capitalization of much than 93,200 crore. The banal had settled astatine Rs 66.71 apiece connected Friday, while nan banal has rallied astir 50 per cent from its 52-week debased astatine Rs 46 deed 3-months ago.

According to nan media reports, promoter entities of Suzlon Energy, Tanti Family and Trust, were looking to offload 1.4 per cent stake, aliases 20 crore equity shares successful nan institution via artifact deal. The level value for nan woody was fixed astatine Rs 64.75 apiece, valuing nan liking waste astatine Rs 1,300 crore. Motilal Oswal Financial Services is said to beryllium nan sole head for nan artifact deal.

Promoters held 13.25 per cent liking aliases 180.87 crore equity shares successful Suzlon Energy, arsenic of nan shareholding shape of nan institution connected March 31, 2025. However, nan institution did not merchandise immoderate general announcement aliases explanation regarding nan artifact deal. The woody comes pinch a 180-day lock-in period, restricting further waste until this play ends.

Suzlon Energy reported a manifold emergence successful consolidated nett profit for nan March 2025 quarter. The institution earned Rs 1,181 crore, compared to Rs 254 crore successful nan aforesaid 4th past year. This crisp summation was chiefly owed to higher revenues. Ebitda for nan 4th astir doubled to Rs 677 crore.

Published on: Jun 9, 2025 10:01 AM IST