Suzlon Energy Shares are always in the trend as it is one of India’s leading wind turbine manufacturers. However, the company has been facing fluctuation in share price. What is the financial performance and what do analysts suggest about buying or selling? Let’s find out in today’s article.
Suzlon’s Share Price in Today’s Market
As of today, 12th March 1.30 pm Suzlon Energy Share Price is 53.53 which is 0.43% down from the opening price. Today Suzlon opened at Rs 54.06 and touched a high of Rs 54.45. The current UC Limit is at Rs 59.13 and the LC limit is at Rs 48.38.
Company Financials
The company has grown significantly in the third quarter that ended recently. The financial report says revenue has gone up by 91% to Rs 6763.43 crore. The current market capitalization of the company stands around Rs 72,429 crore. The P/E ratio is 61.9.
Recent News About Suzlong Energy
- Suzlon Energy has recently confirmed a third order with Jindal Green Wind Private Limited. This is one of the largest commercial and industrial orders in the company’s history.
- Currently, the company has an order book of 5.9 GW which is the highest record.
- Recently, Suzlon Shares have made great growth in the stock market. In the last week, it has gained almost 12% making it the best weekly performance since July last year.
Suzlon Share Price Target
According to Investec Brokerage, Suzlon Energy Shares could reach Rs 70 mark soon. That is almost 30% higher than the current price. On the other hand Consensus sets target at Rs 75.
Recommendation on Buy, Sell, Or Hold?
Investec Brokerage has given a BUY rating for Suzlon shares. On moneycontrol website, 75% out of 8 analysts suggest buying Suzlon shares, and 13% suggest Hold. Consensus Analyst also suggests buying Suzlon Shares and aim for the target of Rs 75.
Remember, all the information shared in this article is for information purposes only. Investors are advised to consult their certified experts before making any investment related decision.
