Suzlon Share Price is one of the popular discussed things in the Indian Share market. The company provides renewable energy solutions in India. It has shown significant growth in the market with positive analyst recommendations and strong financials. Is it worth it today to invest more in Suzlon shares? Let’s check the experts’s opinions.
Suzlon Energy Share Price in Today’s Market
On 22nd February market price for Suzlon Energy Share is Rs 55.04. It’s higher than the closing amount of 21st Feb. The shares opened at Rs 54.90 yesterday and closed at Rs 54.88. It crossed Rs 56 mark. The current market capitalization is around Rs 75,299.
Company Financials
As mentioned previously the company has shown significant growth in past years. As per Q3 reports revenue has grown by 94% year on year to Rs 2969 Crore. Net profit also increased to Rs 388 crore from Rs 203 Crore which is more than 91% growth. The EBITDA margins are also impressively high at 16.8%. This reflects the enhanced profitability of the company.
Recent news about Suzlon Energy Ltd
The company has been strategically focusing on sustainability and green energy solutions. It has become a net-cash entity with a strong return ratio. Investec forecasts substantial revenue and growth in profit after tax at CAGR of 55% and 66% respectively.
Suzlon Energy is also expanding its manufacturing capacity to meet the rapidly increasing demand of C&I sectors. It has the all-time highest order book of 5.5 GW now.
Suzlon Share Price Target
Investec sets Suzlon Share Price to Rs 70 suggesting 30% growth from the current prices. Also, the Average Analyst sets the target price at Rs 72.14 which is 33.2% higher than the current market prices. If you look into long-term targets then some suggest Suzlon Shares can reach Rs 142.63 by the end of 2025.
Recommendation on Buy, Hold, or Sell?
According to the current situation, most analysts suggest a Buy for Suzlon shares. Investec gives a BUY tag with a Rs 70 target and ICICI Securities also puts a BUY tag with more higher target price of Rs 80 for a share.
Do remember all the information given here is for information purposes. Investors should consult their own certified experts before making any investment-related decisions.
