{"id":105548,"date":"2023-07-24T15:12:20","date_gmt":"2023-07-24T09:42:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105548"},"modified":"2023-07-24T15:12:21","modified_gmt":"2023-07-24T09:42:21","slug":"midcap-stock-jumps-up-to-4-85-after-mukul-agrawal-buys-1-04-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-jumps-up-to-4-85-after-mukul-agrawal-buys-1-04-stake-in-the-company\/","title":{"rendered":"Midcap stock jumps up to 4.85% after Mukul Agrawal buys 1.04% stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-784585188\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the world&#8217;s top renewable energy solution providers and biggest portfolio of wind energy assets rose 4.85 percent to Rs 20.55 per share, after an Ace investor picked stake in the company.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4291545310\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUZLON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Suzlon Energy Ltd<\/a><\/strong> shares reached the upper circuit of Rs 20.55 a share on the National Stock Exchange at 1:45 p.m., up 4.85 percent, with a market capitalization of Rs 25,582 crores.<\/p><p>As per BSE data, Ace investor Mukul Mahavir Agrawal picked&nbsp; 13,00,00,000 shares or 1.04 percent stake in the company as of the June 2023 quarter.<\/p><p>In the last three months, the stock gained a multibagger return of 158 percent from Rs 7.95 to current levels. As a result, a shareholder who purchased 1 lakh shares of the company three months ago now has holdings worth 2.58 lakhs!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1369468554\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Suzlon Energy Ltd.,an end-to-end wind power solutions supplier in India, manufactures wind turbine generators, power generating, and related equipment.<\/p><p>A company&#8217;s order books have risen significantly. Suzlon&#8217;s model portfolio includes models ranging from 225kW to the recently announced 3MW series, which accounts for 51 percent of the current order book of 1,542MW.<\/p><p>Suzlon&#8217;s operational revenue grew by 16 percent to Rs 1,694 in the fourth quarter of FY23 compared to the previous quarter, while net profit jumped 309 percent&nbsp; to Rs 319 crore.<\/p><p>Company\u2019s revenue fell 9.2 percent year on year, from Rs 6,581 crore in FY 21-22 to Rs 5,970 crore in FY 22-23. The company&#8217;s net profit has climbed by 1,839 percent, from loss of Rs 166 crore to Rs 2,887 crore, and its debt-to-equity ratio is 1.73.<\/p><p>Prabhudas Lilladher, a brokerage, has set a target of Rs 25, representing a 21 percent upside over the current price level. The percentage of foreign institutional investors in the company has risen from 6.29 percent in June 2022 to 7.79\u00a0 percent in June 2023.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-361842508\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3460591068\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the world&#8217;s top renewable energy solution providers and biggest portfolio of wind energy assets rose 4.85 percent to Rs 20.55 per share, after an Ace investor picked stake in the company. Suzlon Energy Ltd shares reached the upper circuit of Rs 20.55 a share on the National Stock Exchange at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8432,8431,10185,5949,948,936,9460,9459,10184],"class_list":["post-105548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mukul-agrawal-latest-news","tag-mukul-agrawal-portfolio","tag-mukul-agrawal-stake-in-suzlon-energy","tag-mukul-agrawal-stock","tag-stock-market","tag-stock-market-news","tag-suzlon-energy-latest-news","tag-suzlon-energy-share-price","tag-why-is-suzlon-energy-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap stock jumps up to 4.85% after Mukul Agrawal buys 1.04% stake in the company - 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