Suzlon Energy share price may Up Side after Rs 78.71, keep an eye today
Suzlon Energy Share Price
Suzlon Energy’s share price is experiencing notable fluctuations in the market. As investors keep a close watch, the current price stands at ₹81.7, reflecting a slight decrease of 0.25 or 0.31% from the previous close. The stock has shown a day range between ₹75 and ₹86, indicating some volatility. Over the past year, Suzlon Energy’s share price has surged by approximately 239.5%, making it one of the standout performers in the renewable energy sector.
Main Points
Suzlon Energy has recently made headlines by securing a significant order from NTPC Green Energy, amounting to 1,166 MW of wind energy projects. This order is considered one of the largest in India, further solidifying Suzlon’s position in the renewable energy market. Following this announcement, the share price jumped by 3%, reflecting positive investor sentiment and increased demand for the stock.
Additionally, the company has been proactive in its corporate strategy. Recently, Suzlon finalized the sale of its corporate office to 360 ONE, which is expected to improve its financial position. These strategic moves are crucial as they indicate the company’s commitment to enhancing shareholder value and operational efficiency.
Looking at the financial metrics, Suzlon Energy has an operating revenue of ₹7,199.70 crore on a trailing twelve-month basis. The company has reported a healthy pre-tax margin of 10% and a return on equity (ROE) of 16%, which are positive indicators for potential investors. However, the earnings per share (EPS) rank is relatively low at 43, suggesting some inconsistency in earnings performance.
The stock’s technical indicators are also noteworthy. It is currently trading above its key moving averages, which is a positive sign for technical analysts. The stock has shown a relative strength rating of 90, indicating strong performance compared to its peers. However, the group rank of 119 suggests that it belongs to a less favorable industry group within the energy sector.
Market Sentiment and Predictions
Market analysts have mixed sentiments regarding Suzlon’s short-term performance. Some believe that the recent order from NTPC will provide a significant boost to the company’s revenue and market presence. However, others caution about the stock’s high P/E ratio of around 120.3, which may indicate overvaluation. Investors are advised to keep an eye on the stock’s performance in the coming weeks, especially as the company continues to execute its growth strategies.
Trading Volume and Activity
The trading volume for Suzlon Energy has been substantial, with over 56 million shares traded recently. This high volume is indicative of strong investor interest, particularly following the announcement of the NTPC order. The stock’s performance over the last month has also been impressive, with a 1.5% increase, and over the last three months, it has surged by nearly 69.81%.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
