Suzlon Energy Ltd (NSE: SUZLON) Share Price: The share of the renewable energy company Suzlon remains in focus throughout trading today.
The stock of the company was able to hit an upper range of 5 percent and hit an intraday high of Rs 66.15.
In addition, the company’s market cap also grew to Rs 90,269.83 crore. Suzlon Energy’s share has been in the news for the huge returns it has offered its shareholders.
Company’s Stock Situation
As per BSE Analytics data, Suzlon’s share price has increased by 33 percent over the last six months, and 72 percent as of 2024.
The stake of the company that produces renewable energy has increased by 67 percent over the past year.
Suzlon’s stock has grown 600 percent over the last two years, and 917 percent in the past 3 years.
Suzlon’s share has risen 3200 percent over the last 5 years. The price of its share has increased by Rs 2 up to its current price.
What Is The Expert’s Opinion?
Jigar S Patel of Anand Rathi Shares and Stock Brokers believes that the stock can reach the next price which is Rs 73.
Ajit Mishra from Religare Broking believes that a regular close that is above Rs 67 may take the stock to a range of Rs 72 to Rs 76 over the next few days.
On the other hand, support is found in the 59-62 region in case the stock does experience a decline.
In the same vein, broker firm Morgan Stanley said it was positive about Suzlon Energy last month.
September Quarter Results
Suzlon’s net income almost tripled to Rs 201 crore during the second quarter of the fiscal year that ended in September.
Suzlon reported a net profit of Rs 102 crore in the month that ended on September 30th, 2023.
The company’s total revenue increased to Rs 2,121.23 crore in 2024-25’s second quarter compared to Rs 1,428.69 crore during the same timeframe last year.
Quick Fact
| Company name | Suzlon |
|---|---|
| Stock Growth (6 months) | 33% |
| Stock Growth (2024) | 72% |
| Stock Growth (1 year) | 67% |
| Stock Growth (2 years) | 600% |
| Stock Growth (3 years) | 917% |
| Stock Growth (5 years) | 3200% |
| Possible Target Price 1 | ₹73 |
| Possible Target Price Range | ₹72 – ₹76 |
| Support Price Range | ₹59 – ₹62 |
| September Quarter Net Income | ₹201 crore |
| September Quarter Net Profit | ₹102 crore |
| Revenue (Q2 FY24-25) | ₹2121.23 crore |
| Revenue (Q2 Last Year) | ₹1428.69 crore |
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