From a penny stock to large-cap: Suzlon share price soars 2,900% in 5 years; experts say more growth left
Suzlon Energy shares have delivered a staggering 2,900 per cent return since the COVID-19 crash in March 2020, transforming into a multibagger penny stock. The renewable energy major, which was once a penny stock priced at ₹1.93 in March 2020, closed at ₹57.92 in the previous trading session on the BSE. This means an investment of ₹10,000 in the stock during the pandemic lows would be worth around ₹3,00,000 today.
Massive Gains Despite Recent Volatility
The stock has also offered multibagger returns over the past three years, soaring 575 per cent. Over the last one year, it has gained 55 per cent. Notably, in March 2025 alone, the stock has surged nearly 17 per cent, bouncing back from five consecutive months of losses. During…
