The share market has started with negative indications today. Also, after giving good returns Suzlon Share has seen a downfall of 2.13%. How will it perform today? Let’s check out recent news, and analyst recommendations in this article.
Suzlon Share Price in Today’s Market
As of 17th February, Suzlon Shares opened with Rs 51. Which is lower than the previous close of Rs 51.14. The current market cap of the company is around Rs 68,608 Crore. After opening it reached a high or Rs 51.45 and a lowest Rs 49.50.
Company Financials
Suzlon Energy has shared its Q3 financial results already. Where net sales increased by 152.51% to Rs 2,291.85 Crore. According to the increasing demand of renewable energy, the company is doing well. The ROE for the year ended on 31st March 2024 was 16.84%.
Recent News on Suzlon
Suzlon Share has been recently in the news after getting the highest-ever order book of 5.7 GW. Apart from this the company also received a 2016 MW order from Oyster Renewable. These renewable energy projects are backed by the Government, which means company net sales and profits are about to grow more.
Suzlon Share Price Target
As of now, Suzlon Energy Shares are trading at Rs 49.86. According to experts, there is a strong resistance at Rs 53.14. and support at Rs 49.71. The second resistance is at Rs 55.22 and the third one is at Rs 56.57. The support levels for these are at Rs 48.36 and Rs 46.28.
Recommendation on Buy, Hold, or Sell?
According to Consensus Suzlon’s Share price target is set to Rs 75. This means they have put a ‘Buy’ tag for the share. Six analysts have given suzlon a ‘buy’ tag with a mean target price of Rs 68. ICICI Securities also suggests to buy with a target of Rs 80. However investors should do their own research before investing in any shares.
