Suzlon Share Price Target 2024, Suzlon Share Price Today News India NSE BSE, Suzlon Share Price History: Suzlon share price surged 5 per cent on the Budget Day on Thursday, February 1 after the Renewable energy solutions provider Suzlon Energy posted a nearly 160 per cent jump in its consolidated net profit to Rs 203.04 crore in the December quarter, on the back of higher revenues.
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The stock zoomed 5 per cent to Rs 48.31 a share — its upper circuit limit — on the Bombay Stock Exchange (BSE). At the NSE, it climbed nearly 5 per cent to hit the fresh 52-week high of Rs 48.20 apiece.
Suzlon Share Price Target 2024
JM Financial tagged ‘BUY’ rating on the company seeing 16.7 per cent upside potential. Domestic broking firm has revised the target to Rs 54 a share from its previous recommendation of Rs 37 apiece.
“Given the challenges of land-acquisition in scaling up of project execution, we have maintained our estimates for FY25E/26E in spite of better than expected order book, improvement in financial health, favorable policy environment and very healthy bidding pipeline.
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maintain our BUY rating on the stock with a revised TP of INR 54 (based on a 27x FY26E EPS),” the brokerage said in its report.
Suzlon Share Price Today News India NSE BSE
In volume terms, 366.99 lakh shares of the company were traded on the BSE generating a total turnover of Rs 176.48 crore. Over 1.1 crore shares changed hands on the NSE during the day at the time of filing this report. The company has a market cap of Rs 65,283.44 crore, as per BSE website. The shares of the company have a PE of -1552.99x.
Suzlon Share Price History
Suzlon share price has delivered multibagger returns of 148.96 per cent in the last 180 days. It climbed 422.26 per cent in the last 365 days and went up by 692.42 per cent in the last three years.
