As of November 6, 2024, Suzlon Energy Ltd. (NSE: Suzlon) closed at ₹69.44, marking a 3.07% increase or +₹2.07 for the day. This performance reflects investor confidence following Suzlon’s robust Q2 results.
Stock Details at Close (6 Nov 2024)
- Current Price: ₹69.44
- Market Cap: ₹94,610 crore
- Price-Earnings (P/E) Ratio: 98.16
- Dividend Yield: None
- 52-Week High: ₹86.04
- 52-Week Low: ₹33.90
- Day’s Range: ₹67.42 – ₹69.85
Q2 Financial Highlights 🚀
Suzlon posted strong growth in Q2 of FY24:
- Net Profit: Up 96% year-over-year to ₹201 crore
- Revenue: Up 48% to ₹2,093 crore, compared to ₹1,417 crore in the same quarter last year
This performance underscores Suzlon’s resilience and successful operations amid evolving energy demands.
Brokerage Ratings and Target Prices 📊
- JM Financial:
- Rating: BUY
- Target Price: ₹81
- Performance Note: Suzlon traded at ₹69.44 on Nov 6, nearing JM Financial’s target, indicating strong upward momentum.
- Nuvama Brokerage:
- Rating: HOLD
- Target Price: ₹67
- Long-Term Potential: Nuvama highlights Suzlon’s suitability for long-term gains, especially for investors able to hold through potential market fluctuations.
Historical Returns 🔥
Suzlon’s stock has delivered substantial returns across various timeframes:
- 6-Month Return: 63.33%
- 1-Year Return: 85.37%
- 5-Year Return: 2,359.04%
- YTD Return: 73.09%
This multi-year growth cements Suzlon as a high-performing energy stock.
Institutional and Mutual Fund Holdings 📈
As of the latest quarter:
- Foreign Institutional Investors (FII): 21.53%
- Foreign Portfolio Investors (FPI): 23.72%
- Mutual Funds: 4.14%
- Total Institutional Holdings: 32.74%
The significant institutional investment suggests confidence in Suzlon’s future growth prospects.
Suzlon Energy Ltd.: Key Insights and Market Position 📝
| Metric | Value |
|---|---|
| Closing Price (6 Nov) | ₹69.44 |
| Market Cap | ₹94,610 crore |
| P/E Ratio | 98.16 |
| 52-Week High/Low | ₹86.04 / ₹33.90 |
| Brokerage Targets | JM Financial: ₹81 (BUY), Nuvama: ₹67 (HOLD) |
| YTD Return | 73.09% |
| Institutional Holdings | 32.74% |
Investment Considerations 📈
With continued institutional interest, favorable ratings, and consistent revenue growth, Suzlon presents an attractive opportunity for growth-oriented investors. However, investing in stocks carries risks. Consider consulting a financial advisor before making investment decisions.
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