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Suzlon Shares: Suzlon shares rocket on the budget day, 5% upper circuit on the fourth day, how far will the price go? – Suzlon Energy Stock on Fire Hits 5 Percent Upper Circuit Streak Continues for the Fourth Day on Budget 2025 Day

Suzlon energy shares: Suzlon Energy shares are seeing a stormy boom on the day of the budget on 1 February today. The company’s shares touched their 5% upper circuit limit in the initial business itself. This is the fourth consecutive day when the company shares have an upper circuit of 5%. At the same time, Suzalon’s shares continue to rise continuously for the last 5 days. Its price has increased by more than 22 percent in these 5 days. Around 10 am, Suzlon Energy shares were locked in the upper circuit limit on NSE at a price of Rs 61.06. Today, a block deal of about Rs 260 crore was also seen in the company’s shares.

Marghan Stanley recently released a report regarding Suzlon Energy shares. In this report, Brokerase rated Suzlon’s shares of overweight and predicted its price to Rs 71 per share. Brokerage said that the company is expecting the problems related to land acquisition in the wind energy industry from FY26. Apart from this, it has planned to invest ₹ 350-400 crore for new blade manufacturing plants in Madhya Pradesh and Rajasthan. Due to this, its shares can be seen in the coming days.

Brokerage firm Nuwama Institutional Equities have also increased their ratings for Suzlon’s shares after the December quarter results from ‘hold’ to ‘hold’. Nuwama said that extending its capacity to 4.5 GW has helped to accelerate the examination. However, the overall installation continues to decrease. The installation was 241 MW in the first 9 months of the current financial year, which was 618 MW during the same time.

Nuwama says that Suzlon’s order book has reached 5.5GW, which is expected to maintain stability in revenue for the coming 24 months. Nuwama gave a target price of Rs 60 to Suzlon’s stock. However, the stock has crossed this target price after today’s boom.

Q3 result of Suzlon Energy

Suzlon Energy said that its net profit rose 91% to Rs 387 crore in the third quarter of the current financial year, which was Rs 203 crore in the same quarter of the previous year. At the same time, its revenue also rose to Rs 2,969 crore during this period, which is about 91 percent more than the revenue of Rs 1,553 crore in the same quarter last year.

The company reported that it delivered a record 447 MW during the December quarter. The company’s wind turbine generator segment also saw a tremendous jump.

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