Business Business: Renewable energy solution provider Suzalon shares are again in the news these days. Ventura has advised to sell Suzlon Energy with a target price of Rs 50. However, brokers have different opinions on the company’s shares. While Ventura has advised to sell stock, JM Financial has increased its price target for Suzalon Energy Limited. JM Financial has given a new target price of Rs 81 for Suzlon’s shares. A global brokerage firm has rated the stock. In addition, Nuwama Institutional Equities have given a target price of Rs 67 for the next 12 months. The company’s shares are currently priced at Rs 68.19.
Suzlon Energy shares are 70% up in the last six months. This year the stock is 80% above. This stock is 110% above a year. During this time, the price of this stock has increased by Rs 32 from the current price. This stock is above 2649.60% in five years. Five years ago, the price of this stock was 2 rupees.
In the second quarter ended September of the current financial year, the integrated net profit of Suzlon Energy was almost doubled to 201 crore. The company recorded a consolidated net profit of Rs 102 crore in the quarter ended September 30, 2023. The company’s total revenue increased to Rs 2,121.23 crore in the second quarter of 2024-25, which was Rs 1,428.69 crore in the same period last year.
Suzalon Group Vice President Girish Tanti said, “Our main business is now in a strong position to benefit from market dynamics.” Status. Many are taking initiatives. Invest for long term by implementing strategic measures. “This strategy will help us improve our competitiveness and also improve efficiency and profitability.” The company’s order book is currently 5.1 GW.
