Suzlon Energy Ltd or Suzlon Share Price is in the news today. The shares have already tanked 1.16% after the market opening. Is it good time to buy or hold or sell? Let’s check recent news, company financials and recommendations.
Suzlon Energy Share Price Today
As of today, Suzlon Share price is at Rs 66.54. That is 1.16% down already. The current UC limit is at Rs 80.78 and the LC limit is at Rs 53.85. The total market capitalization of the company stands around Rs 91,316 crores.
Company Financials
The company has already reported its fourth quarter financial report. It shows a 73.16% jump in total income to Rs 3773.54 Crores. Operating profits were hiked by 97.57% to Rs 569.77 Crores, and operating margins were at Rs 15.01%. Not only this, Profit after tax has also jumped by 365.22% to Rs 1182.22 crores. This is an impressive result for Suzlon Energy, and it has boosted investor confidence for these shares.
Recent News about Suzlon Energy
- Suzlon Energy secured a 170.1 MW wind order from AMPIN Energy Transition in June. It’s the third consecutive deal with the client. Making a total bSet featured imageusiness with AMPIN to 303 MW.
- There is a 365% spike in net profits due to wind turbine deliveries and a deferred tax gain.
Suzlon Energy Share Price Target
Suzlon Shares have multiple target price suggestions by analysts and institutions. S&P Global Market Intelligence has suggested a target between Rs 68 to Rs 83. Whereas, FIGW has suggested between Rs 53.98 to Rs 88.07. Consensus analysts suggest a target price of Rs 76.25 by the end of this year.
Recommendations on Buy or Sell
According to the moneycontrol website, analysts suggest 63% buy and 13% hold Suzlon Shares. There is no recommendation about selling. On the other hand, Consensus analyst suggests buying these stocks.
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.
