Ace investor Mukul Mahavir Agrawal made a significant move by acquiring a 1.04% stake in Suzlon Energy during the quarter that ended in June, as per the latest shareholding pattern data available on the BSE. Suzlon Energy, a renewable energy solutions provider headquartered in Pune, saw its shares soar 5% on Friday, touching their 52-week high of Rs 19.66.
The stock has experienced strong momentum this week, gaining over 11% during the five trading sessions, outperforming both the S&P BSE Sensex and the S&P BSE Capital Goods index, which recorded returns of 0.94% and 2.55%, respectively.
Suzlon Energy's exceptional performance extended beyond the weekly timeframe, with impressive multibagger returns of 223% over the past year, compared to the 20% returns registered by the 30-stock Sensex. The company had hit its 52-week low at Rs 5.91 on July 28, 2022.
Suzlon Energy is slated to announce its financial results for the June quarter on July 25. In the previous quarter, the company reported a net loss of Rs 5.92 crore, an improvement from the Rs 30.72 crore loss in the corresponding quarter of the previous fiscal year. The December quarter had recorded a net loss of Rs 8.82 crore.
According to Trendlyne data, Mukul Mahavir Prasad Agrawal publicly holds a diverse portfolio of 53 stocks, valued at over Rs 3,380 crore. Please note that the latest quarter trends may be subject to updates as some companies may not have reported their shareholding data yet. Other prominent stocks held by Mukul Agrawal include Zen Technologies, Delta Corp, and Allcargo Logistics, among others.
