Suzlan played the game and shares rocketed after landing the biggest order of the year

Suzlan Share Piece: Energy sector company Suzlan Energy made a big play in the stock market on Wednesday, December 4, 2024. Energy major Suzlan Group has bagged its biggest order of the year from Karnataka-based Jindal Renewables as it begins stock market operations. Jindal Renewables has ordered an additional 302.4 MW wind power project in Karnataka. Earlier in October, Suzlan had bagged an order for 400 MW of wind power from Jindal Renewable Power. Once the company received this order, its shares rocketed in the stock market. In early trade on Wednesday, shares of Suzlan closed at Rs 67.92, against Rs 65.90 as against its close of Rs 65.40. %. Market experts say that if Suzlan sustains above Rs 66, it may touch Rs 85-90 in short term. If the stock closes above Rs 72 in a week, only one upside is expected. Of the five analysts covering Suzlan, three now have a 'buy' rating on the stock, while the other two have a 'hold' recommendation. Also Read: RBI to cut interest rates or keep unchanged, Shaktikanta Das announces on December 6 JSP Green Wind1 expands partnership with Karnataka Suzlan Group, “JSP Green, Suzlan and Jindal Renewables. Wind1 expands with additional 302.4 MW wind power project in Koppal, Karnataka “Partnership,” said Suzlan Group Vice President, “This collaboration will take forward our joint green steel initiative. It will significantly contribute to India's ambitious renewable energy target of 50% from non-fossil fuels by 2030.” This is due to the adoption of more renewable energy solutions,” said Jindal Renewables President Bharat Saxena. Also Read: Kerala Pooja Bumper Lottery: Jayakumar of Kollam gets lucky, wins Rs. 12 crore lucky draw, after playing Suzlan, Share Rocket became the biggest order holder of the year.