New Delhi: Suzlon Energy Ltd share price has been rising ever since the green energy company declared its Q1 2024 Results on July 22, 2024. The stock was trading at Rs 62.79 at 11:08 am today, i.e. July 25. Speaking to Kanishka Brat of Money9, Research analyst and stock market expert, Nitilesh Pawaskar, advised the investors to refrain buying the stock at current levels.
The market expert said Suzlon has given a massive breakout but chasing at higher level is not recommended as it is highly risky at the current levels. Pawaskar said exiting buyers can position the Stop loss at Rs 55.
Meanwhile, JM Financial continues to maintain a positive outlook on and projected teh green energy stock to gain further after a good first quarter of the current financial year. brokerage firm given a ‘buy’ rating on the stock.
Suzlon share price history
Suzlon shares have turned out to be a multibagger in the last one year. The scrip has jumped over 17 per cent in the last one month and appreciated nearly 50 per cent in the past six months. Suzlon share price has rallied over 230 per cent in the past one year.
Suzlon Q1 2024 Results
Suzlon Energy declared its June Quarter Results of 2024-25 and reported a net revenue revenue of Rs 2,016 crore and EBIDTA of Rs 370 crore. The company delivered a stellar Q1 FY25 performance with 200 per cent Y-O-Y profit growth to Rs 302 crores.
Particulars
Q1 FY25 Unaudited
Q1 FY24 Unaudited
Net Volumes (MW)
274
135
Net Revenue
2016
1348
EBITDA
370
199
EBITDA Margin
18.40%
14.18%
Net Finance Cost
22
51
Net Profit After Tax
302
101
Suzlon Group is one of the leading renewable energy solutions providers in India and the world. The company’s world-class manufacturing facilities are spread across multiple locations in India. The Pune-headquartered company is the largest service portfolio of over 14.8 GW in wind energy assets. “The group has ~6 GW of installed capacity outside India. Suzlon offers a comprehensive product portfolio led by the 2 MW and 3 MW series of wind turbines,” the firm said.
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Suzlon Energy shares have been surging ever since the company declared its positive Q1 Results 2024-25. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
