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HomeINVESTMENT₹49 Renewable Energy Share Will Touch ₹355? Govt Will Support Renewable Share

₹49 Renewable Energy Share Will Touch ₹355? Govt Will Support Renewable Share

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Suzlon Energy Ltd (NSE: SUZLON): Suzlon Energy shares created history on Friday. The company’s shares reached a new high. 

The shares of Indian renewable energy company Suzlon rose by 5 percent on Friday to reach a 52-week trading high of Rs 50.72. 

Suzlon Energy shares have seen a significant rise over the past few sessions. On Budget Day the stock hit a circuit of 5 percent higher on Thursday. 

Suzlon Energy’s shares crossed Rs 50 for the first time. In early trading, shares of Suzlon Energy Limited hit a 12-year-high. 

Suzlon Energy stock reached Rs 50 intraday for the last time on August 5, 2011, when it hit Rs 50.25 at the BSE. On 7 December 2007, the share price was at Rs 355.54.

The Government’s Scheme Is A Profitable One

Under the “Pradhanmantri Suryodaya Yajana”, the Finance Minister has proposed to assist rooftop solar panels on 1 crore homes. 

In his budget speech, the Finance minister also said that one crore families would receive up to 300 free units of electricity each month under the Pradhan Mantri Suryodaya Yojana. 

Each family can save up to Rs 18000 in a single year. Solar panels will provide up to 300 free units of electricity per month for one crore families under the Pradhan Mantri Suryodaya Yojana. 

Solar energy companies may benefit from this, and their stock prices will increase.

A Profit Of 160 Percent Was Made By The Company

Suzlon Energy is in a profit. The company made a profit of 160 percent during the quarter ending December. 

According to information provided to the stock exchange, the net income of the energy company for the third quarter of the current fiscal year (2023-24) was Rs 203.04 crore, an increase of about 160 percent. 

The company’s net profits in the same quarter of the previous financial period, 2022-2023, were Rs 78.28 crore. 

Suzlon Energy reported to the stock exchange that its income total increased to Rs 1,569.71 crore in the third quarter. In 2022, the figure was Rs 1,464.15 crore.

Share Target For Suzlon

Top market expert expects further upward movement in the Suzlon Share Price. 

The chart pattern looks positive. Brokerage firm target price for Suzlon is Rs 54. Suzlon’s shares are up 27.01 percent this year so far YTD and 440.33 percent over the past year.

About Suzlon Energy Ltd

Suzlon Energy is a world-leading company in renewable energy solutions. produces products in the Wind Energy and solar energy sectors. 

Suzlon Energy is a renowned manufacturer of wind turbines and windmills. 

Suzlon Group is among the most renowned renewable energy solutions companies that are transforming and changing the ways renewable energy resources are utilized throughout the globe.

Suzlon’s vast array of strong and reliable products backed up by its state-of-the-art R&D and more than two decades of experience is designed to provide optimal efficiency, better yields, and the highest ROI for its customers. 

The sustainable development principle that drives Suzlon’s unique initiatives is to preserve the environment, improve communities, and drive sustainable growth. 

Fundamental Analysis of Suzlon Energy Ltd

Market Cap₹ 65,454 Cr.
Current Price₹ 48.90
52-wk High₹ 50.60
52-wk Low₹ 6.95
Stock P/E104.53
Book Value₹ 2.53
Dividend0.00 %
ROCE20.8 %
ROE
Face Value₹ 2.00
P/B Value19.3
OPM15.0 %
EPS₹ 0.53
Debt₹ 146 Cr.
Debt to Equity0.04

Suzlon Energy Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 52₹ 65
2025₹ 65₹ 75
2026₹ 90₹ 112
2027₹ 115₹ 125
2028₹ 131₹ 160
2029₹ 210₹ 250
2030₹ 260₹ 325
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Suzlon Energy Ltd Shareholding Pattern

Promoters Holding
Dec  202214.50%
Mar 202314.50%
June 202314.50%
Sept 202313.28%
Dec 202313.28%
FII Holding
Dec  20227.65%
Mar 20237.64%
June 20237.69%
Sept 202310.88%
Dec 202317.83%
DII Holding
Dec  20225.82%
Mar 20235.55%
June 20235.90%
Sept 20239.81%
Dec 20236.16%
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Govt. Holding
Dec  20220.00%
Mar 20230.00%
June 20230.02%
Sept 20230.02%
Dec 20230.00%
Public Holding
Dec  202272.02%
Mar 202372.30%
June 202371.78%
Sept 202365.99%
Dec 202362.74%

Suzlon Energy Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 5,025 Cr
2020₹ 2,973 Cr
2021₹ 3,346 Cr
2022₹ 6,582 Cr
2023₹ 6,027 Cr
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Last 5 Years’ Net Profit:

2019₹ -1,537 Cr
2020₹ -2,692 Cr
2021₹ 104 Cr
2022₹ -177 Cr
2023₹ 726 Cr

Last 5 Years’ Debt-To-Equity Ratio:

2019-1.13
2020-0.88
2021-1.23
2022-1.18
20231.73

Last 10 Years’ Profit Growth:

10 Years:7%
5 Years:17%
3 Years:27%
Current Year:893%

Sales Growth Over 10 Years:

10 Years:-11%
5 Years:-6%
3 Years:26%
Current Year:-11%

Conclusion

This article is a complete guide about Suzlon Energy Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Also Read: After Budget Speech This ₹162 Government Share Running Like Railway Share

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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