Suzlon Energy Limited has been making headlines recently due to notable changes in its share price, reflecting both market dynamics and investor sentiment. As of November 19, 2024, the Suzlon Energy share price is ₹62.22, having increased by ₹2.96 or 4.99% today. Investors are now faced with the crucial decision of whether to buy, hold, or sell their shares in this renewable energy company.
Suzlon Energy Share Price in Today’s Market
In today’s trading session, Suzlon Energy shares opened at ₹60.50, and the stock reached a high of ₹62.22, while the lowest price recorded was ₹59.42. The previous close was ₹59.26, indicating a positive shift in market performance. With a trading volume exceeding 74 million shares, the activity surrounding Suzlon Energy suggests a strong interest from investors, particularly after hitting its upper circuit limit earlier in the day.
Suzlon Energy Share Financial Overview
Suzlon Energy’s financial metrics reveal a market capitalization of approximately ₹84,909 crore and an enterprise value of around ₹85,460 crore. The company has reported a sales growth rate of 7.51%, but it faces challenges with a profit growth rate of -95.68%. The P/E ratio stands at a high 280.35, indicating that the stock may be perceived as overvalued relative to its earnings. Despite these challenges, Suzlon maintains a cash reserve of ₹263.13 crore, which can be crucial for operational stability.
Recent News of Suzlon Energy Share
- Morgan Stanley Upgrade: Morgan Stanley has upgraded Suzlon Energy to an ‘overweight’ rating, signaling a buying opportunity as the company’s market share in India is projected to improve significantly by FY27.
- Stock Performance Decline: Over the past three months, Suzlon Energy shares have experienced a decline of approximately 29%, prompting analysts to reassess their price targets and stop-loss levels.
- Major Order Acquisition: Suzlon recently secured an order for 1,166 MW from NTPC Green Energy, which is expected to bolster its position in the renewable energy sector.
Suzlon Energy Share Pros & Cons
Pros:
→ Strong recent price increase indicates positive market sentiment
→ Significant order from NTPC enhances revenue potential
→ Upgraded rating from Morgan Stanley suggests bullish outlookCons:
→ High P/E ratio may deter value-focused investors
→ Recent profit decline raises concerns about financial health
→ Stock volatility indicated by beta value of 1.12
Indiahood Recommendation on Suzlon Energy Share: Buy or Sell?
Considering the current market conditions and financial outlook for Suzlon Energy, it is recommended to buy at this price level for investors looking for long-term growth opportunities. The recent positive developments and upgrades indicate potential for recovery and upward movement in share prices.
Others Recommendation on Suzlon Energy Share: Buy or Sell?
Analysts have varying opinions on Suzlon’s stock performance:
- ICICI Securities has set a target price of ₹80, recommending a buy based on the company’s growth potential in the renewable sector.
- JM Financial suggests an add rating with a target price of ₹71, indicating cautious optimism amid current volatility.
- AR Ramachandran advises buying only if the stock closes above ₹59.3 for a target of ₹69 in the near term.
Conclusion
In summary, while Suzlon Energy has shown resilience with its recent share price increase and positive news flow, investors should carefully consider both the advantages and risks before making decisions. The general consensus leans towards buying for long-term gains, especially given the recent upgrades and significant orders that could enhance future performance.
Disclaimer
This article is intended for informational purposes only and should not be construed as investment advice. Investors are encouraged to conduct their own research or consult with financial advisors before making any investment decisions regarding Suzlon Energy shares or any other securities.
