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Suzlon Energy Limited, a prominent player in India's renewable energy sector, has recently garnered significant attention due to a notable surge in its stock performance. On March 7, 2025, the company's shares experienced a 5.46% uptick, reaching ₹54.98 on the Bombay Stock Exchange (BSE). This marks the fourth consecutive session of gains for Suzlon, elevating its market capitalization to ₹74,411 crore.
Suzlon Energy’s Stock Rally: What’s Driving the Surge?
Over the past two years, Suzlon's stock has demonstrated remarkable growth, appreciating by 536%. However, it's essential to note that despite this upward trajectory, the shares remain 36.54% below their 52-week high of ₹86.04, recorded on September 12, 2024.The recent bullish trend can be attributed to Suzlon's strategic business developments. The company secured a substantial order of 204.75 megawatts (MW) from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables. This agreement aims to accelerate the production of low CO₂ steel in India, underscoring Suzlon's commitment to sustainable energy solutions.
Financial analysts have taken note of Suzlon's performance. Jigar S Patel from Anand Rathi highlighted that the stock's rebound from a strong support level indicates buying interest. He suggests that maintaining support above ₹53.5 is crucial for this positive outlook to persist. Similarly, A R Ramachandran, a SEBI-registered independent analyst, observed that a daily close above the resistance of ₹55.1 could propel the stock towards a target of ₹62 in the near term.
Major Projects & Strategic Business Moves
Suzlon's financial health further bolsters investor confidence. In the December 2024 quarter (Q3 FY25), the company reported a consolidated net profit of ₹388 crore, marking a 91% year-on-year increase from ₹203 crore in the same period the previous year. Revenue from operations also surged by 91%, reaching ₹2,969 crore compared to ₹1,553 crore in the corresponding period last year.
In November 2024, Geojit Financial Services issued a 'Buy' recommendation for Suzlon, setting a target price of ₹68. Their analysis projected a 67% compound annual growth rate (CAGR) in wind turbine generator deliveries between FY24 and FY27, reflecting optimism about Suzlon's growth trajectory.
Suzlon's sustained growth and strategic initiatives position it favorably within India's renewable energy landscape. Investors and stakeholders are closely monitoring the company's progress, anticipating its continued contribution to the nation's green energy goals.
Ref: businesstoday.in
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The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to risks, and readers should conduct their own research or consult a qualified financial advisor before making any investment decisions. The author and publisher are not responsible for any financial losses or decisions based on this content.