Suzlon Energy a multibagger renewable energy sector company is in focus after posting strong Q3 results. Suzlon Energy Share Price surged more than 20% since its Q3 results. On NSE, the Shares of Suzlon Energy climbed 5% in the early trading session and closed at Rs 58.17 with a Upper circuit of 5%. In the last 4 trading session, the shares of Suzlon Energy has been hitting upper circuit.
Despite strong third quarter results, investors are still concerned whether to buy, sell or hold this stock amid massive sell-off in the Indian stock market. Market experts have shared their opinion on the future of Suzlon Energy stock so read this article carefully.
Suzlon Energy Q3 Results
On January 28, Suzlon Energy announced its third quarter (Q3 Results) for the three months from September to December. Suzlon Energy has reported a 91% rise in consolidated net profit to Rs 387 crore in Q3FY25, compared to Rs 203 crore in the corresponding period last year. Similarly revenue from operations has also increased by 91% from Rs 2,969 crore from Rs 1,553 crore in the same quarter of last year.
Net income also grew by 91% to Rs 3,002 crore while it was Rs 1,570 crore in the previous corresponding period. EBITDA has grown by 100% to Rs 500 crore while EBITDA margin stood at 16.8%.
Suzlon Share Price History
On NSE the shares of Suzlon Energy currently trading at Rs 58.17 up by 5%. In the last 5 days, the stock is up by 14.01%, and down by 7.39% in the last one month. This year so far, Suzlon shares have dropped nearly 10.81%. The stock has declined nearly 35% from its 52-week low at Rs 86.04 in September 2024.
What is the Future of Suzlon Energy?
Despite the Indian stock market facing huge corrections, Suzlon has shown strong financial growth. The company is maintaining consistent Quarter-on-Quarter (QoQ) growth. As the company works on increasing its manufacturing capacity with a goal to have 5.5 GW order book, the wind energy company is poised for significant growth in future.
Suzlon Energy Share Holding Overview
Despite the continuous decline in stock price, retail Investors have shown faith in the stock. Retail investors’ stake holding has increased to 24.49% from 23.55% in the September quarter. On the other hand FIIs holding decreased to 22.88% while it was 23.55% in the September quarter. Promoters holding remain the same while Mutual fund stake holding has increased marginally to 4.44% from 4.14% in the September quarter.
Buy Sell or Hold
Out of the 6 analysts that are covering Suzlon Energy have given mixed ratings. Four analysts have given “Buy” rating while 2 have given “Sell” Rating.
Suzlon Energy Target Price 2025
Domestic brokerage firm JM financial has a given a target price of Rs 60 with a “Buy” rating. According to the brokerage firm, revenue growth is mainly due to higher dispatch in the third quarter.
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