Latest news with #SuzlonEnergyLtd
Business Standard
2 days ago
- Business
- Business Standard
Suzlon Energy Ltd Slips 2.4%
Suzlon Energy Ltd has added 23.53% over last one month compared to 13.53% gain in BSE Capital Goods index and 1.23% rise in the SENSEX Suzlon Energy Ltd fell 2.4% today to trade at Rs 69.51. The BSE Capital Goods index is down 0.09% to quote at 71147.43. The index is up 13.53 % over last one month. Among the other constituents of the index, Larsen & Toubro Ltd decreased 0.79% and NBCC (India) Ltd lost 0.6% on the day. The BSE Capital Goods index went down 3.49 % over last one year compared to the 6.57% surge in benchmark SENSEX. Suzlon Energy Ltd has added 23.53% over last one month compared to 13.53% gain in BSE Capital Goods index and 1.23% rise in the SENSEX. On the BSE, 16.8 lakh shares were traded in the counter so far compared with average daily volumes of 141.52 lakh shares in the past one month. The stock hit a record high of Rs 86.04 on 12 Sep 2024. The stock hit a 52-week low of Rs 45.13 on 05 Jun 2024.
Business Insider
4 days ago
- Business
- Business Insider
Morgan Stanley Remains a Buy on Suzlon Energy Ltd (SUZLON)
In a report released on May 30, Amit Bhinde from Morgan Stanley maintained a Buy rating on Suzlon Energy Ltd (SUZLON – Research Report), with a price target of INR77.00. The company's shares closed last Friday at INR71.48. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Suzlon Energy Ltd has an analyst consensus of Hold.
Business Insider
4 days ago
- Business
- Business Insider
Investec Sticks to Their Buy Rating for Suzlon Energy Ltd (SUZLON)
In a report released on May 30, Anuj Upadhyay from Investec maintained a Buy rating on Suzlon Energy Ltd (SUZLON – Research Report), with a price target of INR70.00. The company's shares closed last Friday at INR71.48. Confident Investing Starts Here: Upadhyay covers the Energy sector, focusing on stocks such as Adani Energy Solutions Ltd, Adani Green Energy Limited, and JSW Energy Limited. According to TipRanks, Upadhyay has an average return of 2.3% and a 54.17% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for Suzlon Energy Ltd.
India Today
6 days ago
- Business
- India Today
Suzlon Energy share price up 13% over strong Q4 results: Should you buy?
Shares of Suzlon Energy rose sharply on Friday morning after the company posted strong earnings for the March quarter. The stock jumped as much as 13% in early trade, reaching an intraday high of Rs 74.30 on the BSE. By around 9:30 am, the shares were trading at Rs 72.84, up 11.34% from the previous rise in share price comes after Suzlon Energy Ltd announced a sharp rise in its quarterly profit. The company posted a consolidated net profit of Rs 1,181 crore in the fourth quarter of FY25, a big increase from Rs 254 crore in the same quarter last growth was supported by a deferred tax gain of Rs 600 crore. The company's sales for the quarter also increased to Rs 3,773.50 crore from Rs 2,179.20 crore a year ago, marking a growth of 73.20%.STRONG PERFORMANCE IN Q4 FY25Suzlon's performance during the January to March quarter was also supported by strong project execution. The company delivered 573 megawatts (MW) in Q4FY25, compared to the estimated 475 MW. This helped improve its operating profit margin to 18.3%, which was higher than the expected 14.7%.Despite higher depreciation and interest costs related to the Renom acquisition, Suzlon still managed to beat profit before tax (PBT) estimates by 25%, according to a report by Nuvama Institutional Equities.'Deferred tax asset creation of Rs 640 crore drove a 2.7 times profit after tax (PAT) beat,' said the report. It added that the tax benefit was recorded earlier in FY25 instead of FY26, with limited effect on FY27 AND BROKERAGE VIEWNuvama Institutional Equities updated its projections for Suzlon Energy. It raised its estimates for sales by 5–7% and operating profit by 8–15% for FY26 and FY27. The brokerage kept a 'Hold' rating on the stock, with a revised target price of Rs 68, up from Rs 61 change was based on 40 times estimated earnings for FY27 (for wind turbine generators and Foundry & Forging business) and a discounted cash flow (DCF) model for its operations and maintenance (O&M) shares have already gone up 16% in the last one month and are up 44% in the past one year, showing rising interest from area of concern highlighted by Nuvama is the low order inflow in Q4FY25, which stood below 100 MW. This was due to the cancellation or shortening of some orders. However, the company still holds a healthy order book of 5 gigawatts (GW), which is expected to be executed over the next 24 months. This gives Suzlon a clear revenue path going also said that Suzlon is likely to benefit from the increasing focus on green energy in government tenders. The company holds a strong position in the commercial and industrial segment (which makes up 55% of its order book) and also works with public sector units (PSUs).It remains one of the two main players in the EPC (engineering, procurement, and construction) and wind turbine manufacturing space in India, holding a market share of over 30%.advertisement(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Business Standard
6 days ago
- Business
- Business Standard
Suzlon Energy Ltd Surges 13.1%
Suzlon Energy Ltd has added 31.28% over last one month compared to 3.51% gain in BSE Power index and 1.52% rise in the SENSEXSuzlon Energy Ltd gained 13.1% today to trade at Rs 73.99. The BSE Power index is up 0.81% to quote at 6881.22. The index is up 3.51 % over last one month. Among the other constituents of the index, Bharat Heavy Electricals Ltd increased 0.69% and ABB India Ltd added 0.48% on the day. The BSE Power index went down 9.01 % over last one year compared to the 10.26% surge in benchmark SENSEX. Suzlon Energy Ltd has added 31.28% over last one month compared to 3.51% gain in BSE Power index and 1.52% rise in the SENSEX. On the BSE, 98.01 lakh shares were traded in the counter so far compared with average daily volumes of 100.68 lakh shares in the past one month. The stock hit a record high of Rs 86.04 on 12 Sep 2024. The stock hit a 52-week low of Rs 43.5 on 29 May by Capital Market - Live News
