New Delhi, April 27 -- Extending its upward momentum, shares of Suzlon Energy gained another 6.6% in Monday's intraday trade, 27 April, to hit a four-month high of Rs.57.48 apiece, as the wind energy player continued to attract aggressive buying, with the Street now pointing to a combination of operational, seasonal and geopolitical triggers behind the move.
The rally has also lifted the stock's April gains to a massive 45% and puts it on track to snap a five-month losing streak, during which it had declined 33%.
According to analysts, wind power has emerged as an unintended beneficiary of the ongoing Middle East crisis, which has tightened global energy supply and boosted the appeal of alternative energy sources.
JM Financial has desc...
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