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Suzlon Energy shares jumped as much as 20 per cent to daily upper limit.
It marked the highest intra-day level since July 2014, adding to Monday’s gains of 19.8 per cent.
Traders expect that Sun Pharmaceutical Industries’ founder Dilip Sanghvi would help turn around the company.
Dilip Sanghvi has agreed to buy 23 per cent stake in wind turbine maker for about $290 million.
Spate of corporate actions and renewed government focus on renewables convince us that the worst is over, says HDFC Securities.
It adds that Suzlon can regain large chunk of lost market share in India, which used to be 55 per cent and has fallen to 20-25 per cent.
Suzlon Energy is seeking members' nod to approve divestment in Senvion SE.
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