Last updated on August 7th, 2024 at 06:09 pm
Invest in Suzlon Energy: Recently, there has been a significant drop in Suzlon Energy’s stock, causing concern among investors. However, experts suggest that despite this decline, Suzlon Energy remains a strong company and now might be the right time to invest. They advise investors to make informed decisions and have shared crucial information about the company’s future.
Highlights:
- Suzlon Energy‘s stock fell by 5%
- The stock achieved a new 52-week high
- Experts’ opinion: Invest despite the fall
- Suzlon’s business is expected to grow at a 53% CAGR
Key Points
| Point | Details |
|---|---|
| Stock Decline | Suzlon Energy’s stock saw a 5% drop |
| Highest Price | The stock reached a new 52-week high of ₹71.64 |
| Experts’ Opinion | Investors are advised to buy at ₹65 and set a target price of ₹77-80 |
| Business Growth | Suzlon’s business is expected to grow at a 53% CAGR |
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Table of Contents
Suzlon Energy: Current Status and Future Prospects
Suzlon’s Decline in the Stock Market
Suzlon Energy’s stock witnessed a significant 5% drop on Monday, causing a wave of concern among investors. Shortly after opening, the stock fell 2.42% to ₹68.12 but soon recovered, reaching the highest level of ₹71.64.
Experts’ Opinion
Renowned equity derivatives research expert Avni Bhatt, in a conversation with Business Today TV, mentioned that Suzlon Energy has the strength to recover. She advised investors to buy the stock at ₹65 and set a target price between ₹77-80.
Also Read: RVNL, Suzlon, IREDA, and all Major Companies Declined; When Will the Market Rebound?
Suzlon’s Financial Position
Recently, Suzlon Energy released its report for the first quarter of the fiscal year 2025, showing a 7.39% drop in revenue and an 18.96% increase in net profit. The company’s revenue for this quarter was ₹2,044.35 crores, while the net profit was ₹302.29 crores.
Future Prospects
According to Geojit Financial Services, Suzlon’s business is expected to grow at a 53% CAGR during the fiscal years 2024-26. The wind turbine generator segment is expected to see a 72% CAGR growth.
Also Read: Expert Predictions for Suzlon Energy – Decline Expected in August
Experts’ Investment Advice
Avni Bhatt’s Opinion
Avni Bhatt stated that Suzlon Energy is a strong company with good long-term investment potential. She advised investors to view the current stock decline as an opportunity.
Other Experts’ Opinions
JM Financial set a target price of ₹71 for Suzlon’s stock, while Anand Rathi Shares and Stock Brokers set it at ₹69, and Nuvama Institutional Equities advised holding with a target price of ₹64.
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Suzlon Energy’s Market Performance
June Quarter Report
Suzlon Energy’s June quarter report showed a 7.39% drop in revenue but an 18.96% increase in net profit. This report has provided some relief to investors.
FAQ
Should you invest in Suzlon Energy?
Before investing in Suzlon Energy, it is crucial to understand experts’ opinions and the current market conditions. However, it is considered a strong company for long-term investment.
What is the target price for Suzlon’s stock?
According to Avni Bhatt, the target price for Suzlon’s stock is ₹77-80, while other experts have given a target price ranging between ₹64-71.
How much will Suzlon’s business grow?
According to Geojit Financial Services, Suzlon’s business is expected to grow at a 53% CAGR during the fiscal years 2024-26.
Why did Suzlon’s stock decline?
There could be several reasons for the decline in Suzlon’s stock, including current market conditions and investor concerns. However, the company achieved a new 52-week high during this period.
Also Read: Expert Predictions for Suzlon Energy – Decline Expected in August
As we discussed in detailed about investing in Suzlon Energy, we hope this information helps you make informed investment decisions.
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