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Mukul Agrawal picks up 1.04% stake in Suzlon Energy. Stock jumps 5%, hits 52 week high

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July 21, 2023
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Mukul Agrawal picks up 1.04% stake in Suzlon Energy. Stock jumps 5%, hits 52 week high
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Ace investor Mukul Mahavir Agrawal picked up 13 crore shares or 1.04% stake in Suzlon Energy in the quarter ended June, as per the latest shareholding pattern data available on the BSE. The shares on Friday hit 5% upper circuit on the BSE scaling their 52-week high of Rs 19.66.

Shareholding of individual investors reflects in the ‘Shareholding Pattern’ of BSE listed companies on reaching 1% stake or above in the company.

The Pune-headquartered company is a renewable energy solutions provider The company has presence in 17 countries across Asia, Australia, Europe, Africa and America.

The stock has been in great momentum this week gaining more than 11% over the five trading sessions, significantly outperforming the S&P BSE Sensex which has given 0.94% returns during this time. The stock has also outperformed the sector with 2.55% returns given by S&P BSE Capital Goods index.

Suzlon has also given multibagger returns of 223% over a 1-year period as against 20% returned by the 30-stock Sensex. The 52-week low for this counter stands Rs 5.91, it hit on July 28, 2022.

Suzlon Energy will be announcing its June quarter earnings on July 25. The company reported a net loss of Rs 5.92 crore in the quarter ended March 31, 2023 versus Rs 30.72 crore loss in the corresponding quarter of the previous financial year. In the December quarter the net loss stood at Rs 8.82 crore.

As per the latest corporate shareholdings filed, Mukul Mahavir Prasad Agrawal publicly holds 53 stocks with a net worth of over Rs 3,380 crore according to Trendlyne data. The latest quarter trends could be missing since not all companies may have reported their shareholding data till now.The other stocks held by him include Zen Technologies, Delta Corp, Allcargo Logistics among others.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Tags: Agrawalallcargodelta corpEnergyhighHitsjumpsMukulmukul agrawalmukul agrawal stock pickpicksstakeStocksuzlonsuzlon energysuzlon energy share pricesuzlon energy stock updateWeekzen technologies
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