Suzlon Energy Share Prices are in the news after confirming another big order with Jindal Green Wind. Also, the total order book is pretty impressive too. What are market experts recommending about this share? Let’s find out recent news and target price with recommendations.
Suzlon Energy Share Price in the Market Today
As of today 29th March, Suzlon Energy Shares are at Rs 56.66. This is 0.61% lower than the opening price of Friday. Yesterday stock opened at Rs 57.36 and touched a high of Rs 58.40. The current UC limit is Rs 62.71 and the LC limit is Rs 51.30. The total market capitalization of the company stands around Rs 77,333 Crore.
Company Financials
The company has already reported its third-quarter financials. Where it recorded 91% growth and made a net revenue of Rs 2969 Crore, compared to Rs 1553 crore in the same period last year. Also Profit after tax or PAT is at Rs 388 Crores. The earning per share currently stands at Rs 0.28.
Recent News about Suzlon Energy
- The company has been in the news because of its huge order book which stands at 5.9 GW right now. This massive increase is a strong response from both new and old customers.
- In March Suzlon signed a contract with Jindal Green Wind for a project of 204.75 MW. This is their third deal which makes the net capacity 907.20 MW.
Suzlon Energy Share Target Price
Analysts have mixed views on Suzlon Energy Share’s target price. Some suggest it could touch Rs 63.67 by the end of 2025. That is more than 11% higher than the current price. On the other hand, Consensus suggests share price could go up to Rs 71.
Recommendation on Buy or Sell
As per the current market conditions and Suzlon’s financial history, most of the analysts suggest ‘Buy’ for Suzlon Shares. 78% of the analysts on moneycontrol suggest buying Suzlon Energy Shares. Only 11% suggest holding for the long term. Consensus puts a Buy tag for Suzlon Energy Shares.
