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Showing posts with the label suzlon energy share price

Stock picks of the week: Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 27% in 1 year

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[hfe_template id='11223'] [ad_1] Synopsis It is now clear. The tariff war is essentially between China and the US. From the US perspective, it is either about improving the balance of trade or just taking geo-political advantage where a majority of countries are concerned. Now, with the 90-day window, many countries will likely sort out their issues with the US. Whatever be the case, the chances are that global markets will stay in volatile mode. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. While the probability of markets remaining volatile is high, if one looks at the reaction of the street to some Q4 earnings (and even the company guidances issued in the last two days), it appears that much of what is happeni...

Suzlon Energy shares soar 16% in three days on strong Q3 earnings report

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[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy climbed as much as 5% on Friday to reach Rs 58.15 on the BSE, extending their rally for a third consecutive session. The stock has gained nearly 16% over the past three days, driven by the company’s impressive third-quarter earnings report. The renewable energy firm reported a 90% year-on-year (YoY) jump in net profit to Rs 386.92 crore for the quarter ended December 2024. Revenue from operations surged 91% YoY to Rs 2,968.81 crore, up from Rs 1,552.91 crore in the same quarter last year. In comparison, Suzlon had reported a net profit of Rs 203.04 crore in Q3 FY24. Total income for Q3 FY25 also saw a sharp 91% YoY rise to Rs 3,002.36 crore from Rs 1,569.71 crore in the previous year’s corresponding quarter. The company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8%. Suzlon recorded its highest-ever quarterly deliveries, achieving 447 MW in Q3 FY25. The wind turbine generator segment was...

Suzlon Energy shares hit 5% upper circuit as Q3 profit jumps 90% YoY to Rs 387 crore

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[hfe_template id='11223'] [ad_1] Suzlon Energy shares surged 5% in early trade to hit the upper circuit at Rs 52.76 in intraday trade on Wednesday after the company reported a 90% year-on-year (YoY) surge in net profit to Rs 386.92 crore for the quarter ended December 31, 2024. Revenue from operations also saw a sharp increase of 91% YoY, reaching Rs 2,968.81 crore. The company’s revenue from operations during the December 2023 quarter was Rs 1,552.91 crore, while the renewable energy firm had reported a profit of Rs 203.04 crore in the third quarter of the previous year. Suzlon Energy’s total income for Q3 FY25 rose sharply by 91% YoY to Rs 3,002.36 crore, compared to Rs 1,569.71 crore in the same quarter last year. Notably, the company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8% during the quarter. Also Read: Stocks in news: Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy Suzlon said it recorded its highest-ever quarterly deli...

Suzlon Energy shares jump over 9%. Here's why

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[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy surged over 9% to Rs 80.47 in Wednesday's trade on the BSE, following reports that the company is competing to secure bids for supplying wind turbines to Tata Power. According to reports, wind turbine original equipment manufacturers, including Siemens Gamesa, Senvion India, Envision Energy, and Suzlon Energy, are competing to secure these contracts. Tata Power has sought bids for the supply of wind turbines with a total capacity of 3 gigawatts. This move is expected to invigorate the wind energy market and enhance competition among turbine suppliers. Tata Power’s mega order for wind turbines is a significant step towards strengthening the country’s renewable energy sector, as reported by ET. The order scale is expected to intensify competition among turbine suppliers, potentially leading to more affordable and efficient wind energy solutions. Also Read: Tata Power stock in focus as co seeks bids for 3 GW wind ...

Suzlon Energy shares downgraded by Morgan Stanley, stock falls 2%

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[hfe_template id='11223'] [ad_1] Global brokerage Morgan Stanley has downgraded Suzlon Energy shares from "overweight" to "equal weight." Following this update, the shares of the wind energy solutions provider fell 2% to a day's low of Rs 80.5. Despite the downgrade, Morgan Stanley has raised its price target for Suzlon to Rs 88 per share, up from Rs 73. This revised target indicates a potential upside of 8% from Thursday's closing price of Rs 81.8. Over the past six months, Suzlon's shares have doubled in value, rising 112% and outperforming the Sensex index by 95 percentage points. This outperformance has been driven by a significant increase in the order book and improvements in the company's balance sheet, along with strong cash flows from operations. Suzlon's order book is now at an all-time high, nearing 5 GW. Morgan Stanley maintains that Suzlon continues to be a key beneficiary of India's wind energy growth amid favorab...

Suzlon Energy shares hit 5% upper circuit for 3rd consecutive day, reach new 52-week high; here's why

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[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy hit a 5% upper circuit for the third consecutive session, reaching a fresh 52-week high of Rs 86 in Wednesday's trade on BSE. The rally was driven by positive investor sentiment following Morgan Stanley's overweight rating on the renewable energy company. The stock saw heavy trading volumes, with nearly 13.94 crore shares changing hands on the NSE. The total traded value reached Rs 1,173.4 crore. Suzlon recently secured a significant order of 1,166 MW from NTPC Green Energy, the renewables arm of state-run NTPC. This large PSU order marks Suzlon's return to big contracts after a period of ineligibility due to its negative net worth. The order is expected to enhance Suzlon's earnings visibility for FY26-FY27, according to Morgan Stanley. As part of the contract, Suzlon will install 370 S144 wind turbines (WTGs), each with a rated capacity of 3.15 MW, to generate electricity for powering 30 lakh house...

Suzlon Energy shares rally 33% since Q1 results announcement

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[hfe_template id='11223'] [ad_1] Suzlon Energy shares have rallied 33% to Rs 73.04 since the company announced its June quarter results on July 22. This surge followed the renewable energy firm's impressive growth in consolidated net profit, which soared to Rs 302 crore for Q1 FY25 — a 200% year-on-year (YoY) increase from Rs 101 crore in the same quarter of the previous financial year. In Q1 FY25, Suzlon also reported a 50% increase in revenue from operations, reaching Rs 2,016 crore compared to Rs 1,348 crore in the same period last year. The company's EBITDA rose 86% to Rs 370 crore, with an improved EBITDA margin of 18.4%, up from 14.8% a year earlier. The stock also hit a 5% upper circuit in today's trade and has reached the upper circuit 7 times in the past 13 trading sessions since the results announcement. Adding to the positive sentiment, Suzlon’s board recently approved the acquisition of a 76% stake in Renom Energy Services. The total acquisition c...

Momentum Pick: Will this multibagger’s weekly breakout lead to another leg of rally?

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[hfe_template id='11223'] [ad_1] Suzlon Energy shares have rallied 11% since June 4, 2024, after a 3% fall on the election outcome. On Monday, the counter hit a fresh 52-week peak and in the process gave a breakout from the last week high. The stock is a momentum pick, say analysts who see up to 28% upside over the current levels. On Tuesday, Suzlon Energy stock ended at Rs 53.62, down by Rs 1.09 or 2%. While there are several technical indicators to assess if the stock is in momentum or not, ETMarkets has picked Suzlon Energy based on its closing above the last week high. This is a weekly breakout scan. ETMarkets.com Source: Stock Edge Last week’s high was Rs 53.05 and the stock ended at Rs 54.70 on Monday. On Tuesday it settled at Rs 53.62, managing to hold above last week’s closing price. Expert Take Rohan Shah, Technical Analyst at Religare Broking sees a strong momentum in Suzlon Energy shares in the near term, as he cited formation of progressive higher tops and hi...