Suzlon Energy Limited has recently experienced notable fluctuations in its share price, attracting significant attention from investors and market analysts. As of November 21, 2024, the Suzlon share price is currently at ₹65.33, reflecting an increase of 5.00% from the previous trading session.
Suzlon Share Price in Today’s Market
The Suzlon share price opened at ₹63.90 and has increased from the previous close of ₹62.22. During the trading session, the stock reached a high of ₹65.33 and a low of ₹63.50, indicating positive momentum in its performance. The trading volume was substantial, with approximately 131,579,845 shares exchanged, showcasing strong investor interest amid market fluctuations.
Suzlon Financial Overview
Suzlon has a market capitalization of approximately ₹89,153 crore, with a face value of ₹2 per share. The company has shown resilience in a challenging market environment, driven by its focus on renewable energy solutions and wind turbine manufacturing.
Recent News of Suzlon Share
- Positive Price Movement: The recent increase in share price follows strong financial performance in Q2 FY25, where Suzlon reported a 48% year-on-year increase in consolidated revenues, driven by robust demand for wind turbine generators (WTGs).
- Sales Growth Performance: The company achieved significant growth with WTG revenues surging by 72% YoY, marking a successful quarter despite challenging weather conditions.
- Analyst Sentiment and Market Outlook: Analysts are optimistic about Suzlon’s future prospects, citing the company’s strong order book and expected growth in wind installations across India.
Suzlon Share Pros & Cons
- ➔ Pros: Strong revenue growth indicates increasing demand for renewable energy solutions.
- ➔ Pros: The stock’s recent performance suggests potential for further upside as the company expands its market presence.
- ➔ Cons: Despite the recent uptick, the stock is still approximately 24% below its 52-week high of ₹86.04, indicating some volatility.
- ➔ Cons: The stock’s beta of 1.12 suggests that it is subject to higher volatility compared to the broader market.
Indiahood Recommendation on Suzlon Share: Buy or Sell?
Considering the current market dynamics and financial health of Suzlon Energy, Indiahood recommends a buy for existing investors while suggesting that new investors consider entering positions at current levels due to the potential for future growth.
Others Recommendation on Suzlon Share: Buy or Sell?
Market analysts have provided various insights regarding Suzlon:
- ICICI Direct: Recommends a buy with a target price of ₹72, citing strong fundamentals and growth potential in the renewable energy sector.
- Motilal Oswal: Suggests holding the stock with a target price of ₹68, based on recent performance metrics and positive market conditions.
- HDFC Securities: Advises investors to buy with an optimistic target price of ₹75, highlighting expected benefits from ongoing projects and strategic initiatives.
Conclusion
In conclusion, while the Suzlon share price has shown positive momentum amid recent fluctuations, its strong financial metrics and growth potential suggest that it could be an attractive investment opportunity for both new and existing investors. However, ongoing challenges in market sentiment must be monitored closely to gauge future recovery potential.
Disclaimer
This article is intended for informational purposes only and should not be considered financial advice. Investors are encouraged to conduct their own research or consult with financial advisors before making investment decisions regarding Suzlon shares or any other securities.
