Suzlon Energy share price continues to drop, falls 5% to hit lower circuit (2024)

FAQs

Why is Suzlon hitting the lower circuit? ›

Why are Suzlon Energy and Inox shares falling? Suzlon Energy and Inox Ltd shares took a hit on Monday after MNRE reportedly wrote a letter to companies like NTPC, NHPC, SJVN, and more PSUs, asking them the reasons for undersubscription and higher tariff discovery in recent wind bids.

Why Did Suzlon and Inox Wind Shares Drop? The drop in the share prices of Suzlon and Inox Wind resulted from news that the Ministry of New and Renewable Energy (MNRE) is planning to bring back “reverse auctions” for auctioning wind power capacity to energy companies.

Suzlon's projected share prices are as follows: 2024 – ₹50.00, 2025 – ₹65.25, 2026 – ₹68.28, 2027 – ₹75.08, 2028 – ₹76.18, and by 2030, it is expected to reach ₹108.00.

Suzlon Energy also bounced back to touch an upper circuit of five per cent after it received a new 72.45 MW order for the 3 MW series from Juniper Green Energy Private Limited.

In terms of profitability, the company has both upsides and risks. While it recorded losses in FY20 and FY22, Suzlon earned around ₹104 crore of profits in FY21. In the most recent fiscal year, i.e. FY23, the company's profits shot up to over ₹2,849 crore, drawing the attention of investors across India.

Lower circuit stocks, known for their volatility, often hit their downside limit, halting trading when prices fall too steeply. Investing in these stocks is suitable for a specific investor profile due to the high risk and potential for significant returns.

Suzlon Energy's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.

Suzlon Energy has TTM P/E ratio 69.73 as compared to the sector P/E of 28.17.There are 3 analysts who have initiated coverage on Suzlon Energy. There are 3 analysts who have given it a strong buy rating & 0 analysts have given it a buy rating. 0 analysts have given the stock a sell rating.

Suzlon NSE's Share Price in 2030 is predicted to remain between Rs 144 and Rs 123. What is the Suzlon Share Price Target in 2024? Suzlon NSE's Share Price Target for 2024 is between Rs 62 and Rs 54.

Suzlon's price action offers low risk and a higher reward from the current market price for the target of Rs 49.50 against a stop loss of Rs 38.50."

What is the future price of SUZLON? ›

SUZLON Price Targets Summary

According to Wall Street analysts, the average 1-year price target for SUZLON is 51.34 INR with a low forecast of 48.48 INR and a high forecast of 56.7 INR.

Suzlon share price live: Consensus analysts rating is Strong Buy. The analyst recommendation trend is shown below with the current rating as Strong Buy. The median price target is ₹49.0, 22.62% higher than current market price.

Those who have Suzlon shares in their stock portfolio are advised to hold the energy scrip maintaining stop loss at Rs 45 apiece levels. Suzlon share price has a potential to go up to Rs 55 and Rs 60 per share in the short term." JM Financial has maintained a target of Rs 54 on the stock.

According to analysts, SUZLON price target is 50.33 INR with a max estimate of 54.00 INR and a min estimate of 48.00 INR.

If we talk about the future stock price target of Suzlon Energy then it can rise to the level of ₹76.25 in the coming 3 years. If we estimate the price target for the next 5 years, its value may rise to a maximum price of ₹99.91. If we forecast the next 7 years its value can increase to the level of ₹123.87.

There have been reports of poor blade quality, low order fulfilment, top-management departures, and strategy gone awry. Then, in 2012, the stunner occurred when Suzlon failed to make convertible loan payments of $209 million, resulting in India's largest convertible-bond failure.

Suzlon is a classic case of financial mismanagement and the inability of the management to manage growth. The company had a healthy order book, in order to fulfill these orders it needed large working capital. This the company decided to get thru the debt route.

Suzlon NSE's Share Price in 2030 is predicted to remain between Rs 144 and Rs 123. What is the Suzlon Share Price Target in 2024? Suzlon NSE's Share Price Target for 2024 is between Rs 62 and Rs 54.