uzlon Energy Ltd. is a prominent player in the renewable energy sector, specializing in wind turbine manufacturing and providing integrated renewable energy solutions. Recent changes in the Suzlon share price have prompted investors to evaluate whether it’s time to buy or sell. As of October 7, 2024, the Suzlon share price closed at ₹72.70, reflecting a decline of 2.69% from the previous trading session.
Suzlon Share Price in Today’s Market
In today’s trading session, the Suzlon share price opened at ₹75.64 and reached a high of ₹76.49 before closing at ₹72.70. The stock recorded a low of ₹72.31 with a trading volume exceeding 16 million shares. With a market capitalization of approximately ₹98,668 crore, Suzlon continues to be a significant player in the Indian renewable energy market.
Suzlon Share Financials
Suzlon boasts an enterprise value of ₹1,00,979.34 crore and has around 1,364.52 crore shares outstanding. The company’s P/E ratio stands at 469.02, while its P/B ratio is 27.08. Recent financial reports indicate a profit growth decline of -95.68% and sales growth of 7.51%. The company holds cash reserves of ₹263.13 crore against a debt of ₹636.18 crore, showcasing its financial structure amid current market challenges.
Suzlon Share Pros & Cons
Pros:
- Strong Sales Growth: With sales growth at 7.51%, Suzlon demonstrates robust operational performance.
- High Market Potential: As a key player in India’s wind energy sector, Suzlon stands to benefit from increasing demand for renewable energy solutions.
- Promoter Confidence: A promoter holding of 13.27% indicates some level of confidence in the company’s future prospects.
Cons:
- High Valuation Ratios: A P/E ratio of 469.02 may suggest that the stock is overvalued compared to peers.
- Recent Profit Decline: A significant drop in profit growth raises concerns for potential investors.
- Market Volatility: A beta of 0.98 indicates that the stock is relatively stable but still subject to market fluctuations.
Indiahood Recommendation on Suzlon Share: Buy or Sell?
Considering the current market conditions and the fundamentals surrounding Suzlon Energy Ltd., it is advisable to hold your position for now while monitoring market trends closely. Investors should wait for clearer signals before making new investments.
Conclusion
In summary, while the recent decline in Suzlon’s share price may raise concerns among some investors, the company’s strong sales growth and position in the renewable energy market present potential long-term investment opportunities. Investors are encouraged to stay informed about upcoming developments in the sector to make informed decisions.
Disclaimer
This article is for informational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
