Suzlon Energy Ltd spurts 2.88%, rises for third straight session

Suzlon Energy Ltd rose for a third straight session today. The stock is quoting at Rs 36.78, up 2.88% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 23816.5. The Sensex is at 76935.59, up 0.02%. Suzlon Energy Ltd has dropped around 5.5% in last one month.

Meanwhile, Nifty Energy index of which Suzlon Energy Ltd is a constituent, has dropped around 0.47% in last one month and is currently quoting at 36290.7, up 1.32% on the day. The volume in the stock stood at 669.7 lakh shares today, compared to the daily average of 904.62 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 37.12, up 3.83% on the day. Suzlon Energy Ltd is down 38.3% in last one year as compared to a 6.64% fall in NIFTY and a 2.59% fall in the Nifty Energy index.

The PE of the stock is 25.28 based on TTM earnings ending September 26.

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