Should you be Investing in Stock Market's Favourite Stock: Suzlon!!!
Suzlon has been one of the most market favourite stocks recently. The reason is that it has been showing signs of recovery or a powerful comeback. The wind energy company has been non-performing since its ATH of Rs. 350 in 2009. With a low of Rs. 1.7 in March 2020, the company is now trading at Rs. 40. The stock has been gaining momentum at the bourses and has also shown signs of healing in its balance sheet. Let’s deep dive into what exactly happened and how are the fundamentals turning out to be in the recent times to see if the stock prices will recover or not. What is Suzlon’s business: Founded by Tulsi Tanti, who was also known as the windman of India, Suzlon started its operations in India and quickly expanded its footprint globally. Recognizing the potential of wind energy as a sustainable alternative to conventional energy sources, the company ventured into manufacturing wind turbines. Over the years, Suzlon has diversified its portfolio, offering a range of wind energy sol