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Suzlon Energy Shares (Suzlon Energy Limited Shares) has seen tremendous growth this year. The company’s shares have gained nearly 265% this year YTD. The stock has jumped 40% in the last one month. Let us tell you that after a sharp one-sided rally in smallcap stock Suzlon Energy, the mutual fund booked a profit by selling around 13.36 crore shares of the multibagger in October.
Mutual funds sold shares
Mutual funds like HDFC AMC and Bandhan MF topped the sales list during the month of Suzlon. In September, the mutual fund held 62.89 crore shares of the stock, which fell to 49.53 crore shares last month. In the September quarter, mutual funds reduced their stake in the company to 4.7% from 4.98% on a quarter-on-quarter (QoQ) basis. However, FIIs increased their stake in the company by a meager 2 basis points to 10.88%.
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Stock status
Shares of Suzlon today on Monday Rs. It closed at 38.65. It has gained 368.48% in one year and last six months. During this period this share was Rs. 8.10 to Rs. was 38.65. The stock has gained 644.70% in the last five years.