New Delhi: Suzlon Energy shares are in the news on Monday as the stock jumped to Rs 65.40 in the morning trade. At the time of writing this article, the stock was trading with 2.85 percent gains at Rs 63.98. In this article, we inform you about the reason behind the rally.
Suzlon Energy is all set to announce its Q4 2024-25 Results on May 29, 2025. In the Q3 Results, the company recorded a profit growth with 91 percent YoY increase to Rs 388 crores. The renewable energy firm is expected to deliver strong January-March quarterly results.
Recently, a draft policy has been introduced which mandates the use of local sources for wind turbines. The policy is expected to benefit domestic companies like Suzlon. Therefore, some brokerage firms are also bullish on the counter.
Meanwhile, Suzlon shares are showing signs of strength on the charts. The stock is trading above all major moving averages (from 5-day to 200-day), which indicates strong momentum. The hot favourite stock of the retail investors is one of the most traded stocks on NSE. When a stock has so much activity, it means that retail and institutional investors have keen interest in it.
Notably, brokerage firm Motilal Oswal Financial Services has projected Suzlon stock to rally to rise and achieve a target price of Rs 75 per share.
Suzlon share details on BSE
52 Wk High: Rs 86.04
52 Wk Low: Rs 43.50
Upper Price Band: Rs 74.65
Lower Price Band: FRs 49.77
Price Band: 20%
Mcap Full: Rs 87,543.95 crore
PE/PB 183.26 / 22.51
ROE 12.36
Face Value 2.00
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Suzlon Energy’s stock price surged to Rs 65.40 on Monday, fueled by anticipation of strong Q4 2024-25 results and a new policy favoring domestic wind turbine manufacturers. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
