GAGA Share Market News

[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...

[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...

[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...

[hfe_template id='11223'] [ad_1] Retail investors, who are often ridiculed for buying at peak and selling in bear markets, played it smart this time. Suzlon Energy saw small investors book profits in the June quarter even as both the big boys - FIIs and mutual funds - bought. The shareholding of retail investors, who were early birds in the multibagger rally, went down from 25.93% in March quarter to 23.16% in the June quarter. On the other hand, MFs doubled down their holding in the stock from 1.86% to 3.82% quarter-on-quarter. FIIs also increased their stake to 21.53% in the June quarter from 19.57% in the March quarter, up from 17.83% in Q3 FY24 and 10.88% in Q2 FY24. Suzlon Energy’s stock has shown impressive performance, with a nearly 90% return from April to date and over 300% in the past one year. Over the last two years, the stock has surged by more than 1,000%. Aamar Deo Singh, Senior Vice President of Equity, Commodity & Currency at Angel One, advised that ...

[hfe_template id='11223'] [ad_1] Suzlon Energy's market capitalisation surpassed Rs 1 lakh crore on Friday, following a nearly 37% surge in its stock price since the company released its June quarter results on July 22. On Friday, the stock climbed 3.3% to a new 52-week high of Rs 75.39, driven by substantial trading volumes on the NSE. Approximately 5.83 crore shares worth Rs 433.5 crore changed hands. At 11:14 am, the scrip was trading 2.4% higher at Rs 74.7 on NSE. Over the past three months, the stock has risen nearly 90%, and it has gained 280% in the last 12 months. Notably, the stock has surged nearly 960% in the past two years. This stock surge follows Suzlon's significant growth in consolidated net profit, which soared to Rs 302 crore for Q1 FY25, marking a 200% year-on-year increase from Rs 101 crore in the same quarter of the previous fiscal year. In Q1 FY25, Suzlon also reported a 50% increase in revenue from operations, reaching Rs 2,016 crore compar...

[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...

[hfe_template id='11223'] [ad_1] Domestic brokerage firm JM Financial increased the target price for Suzlon Energy's stock to Rs 71 from an earlier Rs 54 after the company reported a stellar performance for the first quarter ended June 2024. “We believe that gradual building of momentum for higher execution, healthy order book, more healthy bid pipeline, strengthening of balance sheet and the organization are driving the company for the next-level of growth, “ said JM Financial in its report. Suzlon has recorded the largest-ever order book of 3,817 MW during 1QFY25 (1,433 MW in 1QFY24) with a diversified mix (88% 3MW series; 66% C&I customers; 67% non-EPC scope; spread across 7 States). As the company becomes eligible for bidding PSU tenders e.g. NTPC, it is expected that the company will book healthy orders during FY25 and beyond, supported by likely moderation in competition. Suzlon’s current order book of 3,817 MW is due for execution up to FY26, with a major ...