As of January 29, 2025, Suzlon Energy Limited’s stock is trading at ₹50.01 per share.
Recent Financial Performance:
- Q3 FY25 Results: Suzlon reported a consolidated net profit of ₹388 crore for the quarter ending December 31, 2024, a 91% increase from ₹203 crore in the same period the previous year. Revenue also rose by 91.18% to ₹2,969 crore from ₹1,553 crore year-over-year.
Analyst Recommendations:
- Morgan Stanley: Maintains an ‘Overweight’ rating with a target price of ₹71, citing a strong Q3 performance and a substantial order book of 5.5 GW expected to be executed in Q4 FY25 and FY26.
Technical Indicators:
- Recent Price Movement: On January 24, 2025, Suzlon’s share price experienced a 2.82% decline, closing at ₹52.78. Over the past week, the stock has decreased by 7.13%, and over the past month, it has fallen by 17.97%. Year-to-date, the stock is down 19.21%, but it has provided a 24.04% return on a year-over-year basis.
Company Overview:
Suzlon Energy Limited is a leading renewable energy solutions provider, specializing in the manufacturing of wind turbine generators and related components. The company operates in approximately 17 countries across Asia, Australia, Europe, Africa, and the Americas.
Conclusion:
Suzlon Energy has demonstrated significant financial growth in recent quarters, supported by a strong order book and positive analyst outlooks. However, recent stock price volatility suggests that investors should monitor the stock closely and consider both technical and fundamental factors before making investment decisions.
