Suzlon Share News: A big news related to Suzlon Energy's shares has come out. In fact, CRISIL has increased the company's rating from 'CRISIL A-' to 'CRISIL A' considering its financial position and profit. This reflects the company's better performance and future prospects. Let us tell you, Suzlon Energy's shares saw a rise on Tuesday i.e. 31 December. It was trading at Rs 62.11 in the stock market, which was slightly above the previous day's Rs 61.50.

Return of Suzlon

Suzlon Energy shares have given a return of 62% in the last one year and 482% in two years. On September 12 this year, Suzlon's stock reached a high of Rs 86.04, while on March 14 it was at a 52-week low of Rs 35.49. At present, its market capital is around Rs 84,381 crore. The company's shares have a beta of 1, which shows its good performance. However, at present Suzlon is trading below its 10, 20, 50 and 200 days moving average.

CRISIL increased the rating

Rating agency Crisil has improved the rating of Suzlon Energy for the second time this year. The rating agency has kept its outlook positive keeping in mind the company's order book, delivery volume and growing opportunities in the renewable energy sector. The agency believes that the company's good orders and increase in profits will strengthen its overall credit profile.

What the company is doing

Suzlon Energy is a major company in the green energy sector, the company mainly manufactures wind turbines. Along with this, it also provides solar energy solutions. In the last 29 years, the company has installed more than 20 GW of wind energy projects in 17 countries. As of September 30, 2024, the company had an installed fleet of 15 GW under the operation and maintenance business.

What are the future prospects

Due to the rapid development in the renewable energy sector and the strong management of Suzlon, the company's growth is expected to continue. Improvement in CRISIL's rating and investor confidence can take it to greater heights in the coming times.