Suzlon Energy Share Price is in the news today. Should you buy, hold, or sell these shares? Let’s check the company’s financials, recent news, new orders and contracts, and recommendations on buy or sell.
Suzlon Energy Share Price in The Market Today
As of today, the Suzlon Energy Share Price is at Rs 58.15. That is 0.48% up since the market opening, and touched a high of Rs 58.25. The current UC limit is at Rs 63.65 and the LC limit is at Rs 52.08. The total market capitalization of the company stands around Rs 79,633 crores.
Company Financials
Suzlon Energy Ltd has already published its Q1 results. It shows a 54.63% growth in total income of Rs 3117.33 crores. Operating profits are up by 65.67% to Rs 532.63 crores, and profit after tax has also spiked 7.29% to Rs 324.32 crores. Also, operating margins have improved by 7.14%. Lastly, the total operating expense was Rs 2584.70 for Q1, which is 52.54% improvement. All these figures are based on a YoY basis.
Recent News About Suzlon Energy
- Suzlon Energy secured a major 170.1 MW wind power contract from Ampin Energy Transition for a project in Kurnool, Andhra Pradesh, involving the supply and full execution of S144 wind turbine generators. Also, another order of 381 MW from Zelestra India, deploying 127 wind turbines across Maharashtra, Madhya Pradesh, and Tamil Nadu.
- There is speculation about a leadership change, with the Chief Financial Officer reportedly considering a move to Samman Capital. If this happens, it may impact financial strategies and operations and lead to a fluctuation in share price.
Suzlon Energy Share Target Price
As one of the most popular stocks in the Indian Stock Market, Suzlon Energy Shares have multiple target price suggestions available. Motilal Oswal suggested a target of Rs 80. S&P Global suggested a target of Rs 76. ICICI Securities and Morgan Stanley suggested a range between Rs 77 and Rs 83. However, the consensus analyst suggested a target of Rs 76.
Recommendation on Buy or Sell
According to the moneycontrol website, 89% of the analysts suggest purchasing Suzlon Energy Shares. The remaning 11% suggest it can outperform. On the other hand, Consensus analysts also suggest buy for these shares.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
