Suzlon Energy's stock surged, currently trading at Rs. 76.3, marking a 2.22% increase from its previous closing price of Rs. 74.73 on the BSE. The stock opened at Rs. 75.28, reaching a high of Rs. 75.53 and a low of Rs. 72.80. A total of 32,32,431 shares have been traded so far.

The face value of the 'A' group stock is Rs. 2, with its 52-week high at Rs. 84.40 on August 13, 2024, and a low of Rs. 21.71 on September 13, 2023. In the past week, the stock's high and low stood at Rs. 77.35 and Rs. 72.54, respectively. The company's market capitalization is Rs. 1,00,830.59 crore.

Regarding the company's ownership, promoters hold 13.27%, with institutional investors and non-institutional investors holding 30.70% and 56.04%, respectively.

Suzlon Energy recently completed the acquisition of 51% of Renom Energy Services' equity share capital, making Renom a subsidiary. The acquisition is part of a larger deal with the Sanjay Ghodawat Group, where Suzlon initially secured 51% for Rs. 400 crore, with plans to purchase an additional 25% within 18 months for Rs. 260 crore.

This strategic move will strengthen Renom's capabilities and position it to become a leading Independent Service Provider (ISP) in the renewable energy sector. The acquisition will also allow Renom to target over 32 GW of non-Suzlon wind assets in India.

Suzlon Energy, a leader in wind energy solutions, continues to innovate with cutting-edge R&D centers and training facilities in India, solidifying its position as a global wind power pioneer.