Suzlon Energy Limited has been a topic of interest among investors as its share price experiences notable fluctuations. As of October 21, 2024, Suzlon’s share price is ₹70.60, down by ₹1.59 (or 2.20%) from the previous trading session. This article delves into the recent changes in Suzlon’s share price, expert opinions on whether to buy, hold, or sell, and an overview of the company’s financial standing.
Suzlon Share Price in Today’s Market
In today’s trading session, Suzlon opened at ₹72.49 and has seen a high of ₹72.77 and a low of ₹70.30. The stock’s current decline from a previous close of ₹72.19 indicates a bearish trend in the market. Trading volume has been significant, with over 27 million shares changing hands, suggesting active participation from investors.
Suzlon Share Financial Overview
Suzlon Energy’s financial metrics reveal a mixed picture. The company has a market capitalization of approximately ₹96,386 crore and an enterprise value of ₹96,732 crore. However, it carries a high P/E ratio of 449.46, which may raise concerns about potential overvaluation relative to its earnings. The company reported an EPS of ₹0.16, with a sales growth rate of 7.51%. Notably, the promoter holding stands at only 13.25%, indicating limited confidence from major stakeholders.
Suzlon Share Pros & Cons
Pros:
→ Established player in the renewable energy sector with over 3GW of orders
→ Recent growth in operational capacity and project execution
→ Potential for long-term growth as India pushes for renewable energy
Cons:
→ High P/E ratio may deter value-focused investors
→ Recent profit growth has been negative at -95.68%, raising concerns about profitability
→ Limited promoter holding could signal lack of confidence in management
Indiahood Recommendation on Suzlon Share: Buy or Sell?
Based on current market conditions and financial performance, Indiahood suggests that investors should adopt a cautious approach towards Suzlon shares. Holding onto shares may be advisable until there are clearer signs of recovery or improvement in profitability metrics.
Others Recommendation on Suzlon Share: Buy or Sell?
Expert opinions on Suzlon shares vary:
→ Equity Pandit recommends buying for long-term investors who believe in the renewable energy sector’s potential.
→ Moneycontrol advises caution due to the stock’s volatility and high P/E ratio, suggesting that investors should wait for more favorable conditions before making any moves.
Conclusion
In summary, while Suzlon Energy presents opportunities within the growing renewable energy market, its recent price declines and financial challenges warrant careful consideration from investors. Holding shares may be prudent until clearer signals emerge regarding the company’s recovery trajectory.
Disclaimer
This article is intended for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions regarding Suzlon shares or any other securities.
