New Delhi, May 28 -- In a dramatic reversal in investor sentiment, Suzlon Energy, which is largely owned by retail shareholders, has staged a remarkable recovery in recent months after remaining under prolonged selling pressure that had pushed the wind energy player to multi-year lows.

After falling below Rs.40 for the first time in more than two years during March, the stock witnessed a strong rebound that is still ongoing, resulting in a massive 50.6% surge to its latest closing price of Rs.57.53 apiece.

The recent rally has also pushed the stock's year-to-date returns to 10%, while in Wednesday's trade it touched its highest level in five months.

The shift in investor interest has come amid the ongoing conflict in the Middle East an...