Suzlon Energy Ltd Share Price (SUZLON)

Analysts Expect Strong Growth for Suzlon Energy - 15 Apr, 2024

Suzlon Energy's order books have jumped, providing earnings assurance and leading to positive analyst ratings. Anand Rathi expects strong Q4 results.

Analysts Initiate Coverage on Suzlon Energy and Inox Wind with Buy Ratings - 13 Apr, 2024

Domestic wind energy opportunities are at 40 GW, with orders of 12 GW being executed. Limited competition will benefit OEMs Suzlon Energy and Inox Wind. Analysts initiate coverage with Buy ratings based on 35 times FY26e P/E for Suzlon and 30 times for Inox.

Suzlon Energy Shares Fall After Penalties Imposed - 05 Apr, 2024

Suzlon Energy's shares have fallen for a second consecutive day following penalties imposed by GST Tamil Nadu worth Rs 98.79 lakh and two income tax penalty orders totaling Rs 260.35 crore. The company is challenging the GST penalty with appropriate authorities.

Suzlon Energy's Stock Rises from INR7 to INR42 in One Year - 04 Apr, 2024

Suzlon Energy's stock has risen significantly over the past year, with shares increasing from INR7 to INR42. Despite some investors booking profits, the number of mutual funds invested in Suzlon remains the same. The company's inclusion in the MSCI Global Standard Index in November 2023 has given investors more confidence in its future prospects.

Suzlon Energy Stock Rises 2.66% on NSE - 02 Apr, 2024

Suzlon Energy stock rose 2.66% to end at Rs 42.45 per share on the NSE, outperforming the sector by 0.96%. The company plans to invest Rs 30,000 crore in a wind power project and has potential to reach target of Rs 47-50. Suzlon secured a 72.45 MW wind power project from Juniper Green Energy Pvt Ltd and a 30 MW wind power energy project from EDF Renewables.

Suzlon Energy Shares Fall Over 3% After I-T Department Issues Penalty Orders - 01 Apr, 2024

Shares of Suzlon Energy fell over 3% after the Income Tax department issued two penalty orders worth Rs 87.59 crore and Rs 172.76 crore for FY16 and FY17, respectively.

Suzlon Energy gains 8.76% in two days despite IT department issuing penalty orders - 29 Mar, 2024

The Income Tax Department issued two penalty orders worth Rs 87.59 crore and Rs 172.76 crore to Suzlon Energy for FY16 and FY17, respectively. The company is challenging the orders before appellate/judicial forums. Despite this, the stock has gained 8.76% in two trading days, hitting its upper circuit level of Rs 40.47. However, it remains down 20.21% from its one-year high price of Rs 50.72.

Suzlon Energy Stock Surges on Buy Rating Despite Penalty - 28 Mar, 2024

Anand Rathi assigned Suzlon Energy a Buy rating with a target price of Rs 49 due to its dominant market position and earnings stability. However, the company is facing a penalty of Rs 260.35 crore from the Income Tax Department. Retail investors were rewarded as the company's market cap surged Rs 30 billion.

Suzlon Energy Receives Credit Rating Upgrade and Positive Coverage Initiation - 27 Mar, 2024

Suzlon Energy receives an upgraded credit rating from CRISIL and positive coverage initiation from Anand Rathi Securities. The rating upgrade factors in higher than expected improvement in the margins of WTG business while maintaining healthy cash flow generation from O&M services business, and an uptick in the order book providing visibility for future revenues.

Suzlon Energy Reports Strong Q3 Results - 25 Mar, 2024

Suzlon Energy reported a strong Q3FY24 with a 9.7% increase in revenue and a 99% increase in net profits. The company plans to fulfill 50% of its order book in FY24.

Suzlon Board Approves Conversion of Shares - 21 Mar, 2024

Suzlon Energy's board has approved the conversion of 22.86 lakh partly paid-up equity shares into fully paid-up equity shares, signaling confidence in the company's growth prospects and strengthening its equity structure.

Suzlon Energy Ltd Shares Fall by 3.63% - 20 Mar, 2024

Shares of Suzlon Energy Ltd settled at ₹37.15, down 3.63%. The stock has traded between a range of ₹50.60 and ₹6.95 in the last year with a market capitalisation of ₹50.12 Thousand Crore.