Suzlon Energy Stock Price: The results of Suzlon Energy in the third quarter have been quite good. The company’s profit has increased by 90 percent and the income has increased 91 times. At the same time, Ebitda growth has increased by about 106 percent. The third quarter has seen a record 447 MW power delivery. Power delivery has been 977 MW in 9 months. The company’s manufacturing capacity has reached 4.5 GW. The company’s production capacity in Puducherry and Daman has increased. The order book of the company has been reached 5.5 GW. C&I, PSU has contributed 80 percent of the company’s total orders.
CFO Himanshu Modi of the company associated with CNBC-Awaaz today to interact on the results of Suzlon Energy and Growth Outlook. In this conversation, he said that the company’s order book is 5.5 Gg Watt. The company has a lot of orders, to fulfill which the company will have to work at full capacity for the next 18 to 24 months. The company has been successful in controlling the cost. This has led to an increase in the company’s profits. The company has currently produced 4.5 giga watts. The company’s expansion plans are planned to invest Rs 350-400 crore annually on the next 2-3 years.
Himanshu Modi further said that there is no hope of showing much difference between the company’s margin in the upcoming 1-2 quarters. There will be focus on renewable in the budget. The company will try to take advantage of it.
Looking at the stock of stock, at present, around 1 pm, the stock was seen by Rs 2.51, or 4.99 per cent, to around Rs 52. Today’s high day is 52.77 rupees. Stock trading volume is around 12,689,960 shares. Today this stock was opened at Rs 52.77. At the same time, it closed at Rs 50.26 yesterday. The company’s market cap is Rs 72,020 crore.
Brokerage is also bullish on this stock after the third quarter results. Nuwama has said that the company’s order book has reached 5.5GW (~ 24 months) due to the strong order inflow of the third quarter. This has led to a strong growth in the company’s income possibilities. It is expected that Suzalon Energy will remain a major beneficiary of the growing mix of FDRE/RTC/Hybrid among the Indian government tenders. Overall, in view of good valuation and recent correction, Suzalon Energy has been given an upgrade ‘boy’ from ‘Hold’ by Nuwama. Brokerage has set a target price of Rs 60 for the shares of this wind power company.
ITC Hotels Listing: Stock listed on discounts, know how this shares are from investment perspective
Global broking firm Morgan Stanley reiterated his ‘overweight’ tag with a target price of Rs 71 per share on Suzlan. The company hopes that the financial year 2026 will reduce the problems of the wind industry around the land acquisition. Apart from this, Suzalon is also working on an investment plan of Rs 350-400 crore for new blade production lines in Madhya Pradesh and Rajasthan. This will benefit the company.
Disclaimer: The ideas given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Money control advises users to seek the advice of certified experts before taking any investment decision.