Suzlon Energy Stock Target Release Update: These days, there is a lot of ups and downs in the stock of Suzlon Energy, which is working in the green energy segment. You can see the stock has given a return of only 2% in the last one month. It had given very good returns to the investors by giving a return of 113% in 6 months and 233% in 1 year, but at this time this stock has become a little sideways, what has happened, according to the recent media reports. Let us discuss the information given by From on Suzlon Energy. Is the stock going to get a big target price? You will get the correct answer to all these questions. Try to see the information in detail further.
Know about Stock
At present, the price of this stock is above Rs 82. The market cap of the company is Rs 11784 crore. The face value remains at Rs 2. The company has become a strong player in the grade energy segment in the last few years. The company has established itself as an authority in the manufacturing of Rote Blades, Tabular Tower Generator Control Equipment, Har and Necklace, which is seen to be very strong in wind energy in power acquisition technical planning and execution.
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Know the fundamentals of Suzlon Energy share!
If we look at the profit loss of this company at this time, as per March 2024, the revenue of the company was Rs 6529 crores, where the company recorded an operating profit of Rs 1037 crores and the net profit was around Rs 660 crores. The promoter holding company has only 13 Percentage is around 100% but Qualified Institutions hold more than 30% of the holding in this company which shows that there is something special in this company due to which Qualified Institutions have contributed to the company’s profit growth of 20% in the last 5 years. The company’s compound sales growth is around 25% in the last 3 years.
What did the brokerage firm say?
CEO of brokerage firm Hedge Inn, Rahul Ghosh, says that Suzlon Energy is showing positive signs but there is a need to be cautious here because it is trading near its 52 week high. The company’s financial fundamentals are looking good. The stock has been showing a steady rise for the last 14 months because he expects a correction in it in the coming future, after which this stock can come around Rs 75 with a stop loss, however, in the coming future, this stock can also be seen at ₹ 90 to ₹ 100. He says that however, you should understand the financial fundamentals well and move ahead while waiting for the right valuation keeping in mind the technical level.
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