Why Suzlon share price skyrocketed 90% in one month — explained (2024)

FAQs

Why is the Suzlon share price rising? ›

Suzlon has a 32% market share in India's wind turbines market and is likely to play a decisive role as domestic wind capacity ramps up to 100 GW from the current 45 MW, according to the brokerage.

The BSE and NSE have implemented the long-term Additional Surveillance Measure (ASM) framework for Suzlon's securities. Such measures are applied by exchanges like BSE and NSE to alert investors to significant volatility in share prices, whether on a short-term or long-term basis.

Suzlon Share Price Target 2025: For 2025, the target fluctuates from ₹56 to ₹69, averaging at ₹63. Suzlon Share Price Target 2026: The target for 2026 spans from ₹70 to ₹86, with an average of ₹78. Suzlon Share Price Target 2030: Looking further ahead, the 2030 target is set between ₹172 and ₹210, averaging at ₹191.

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.

The average one-year price target for Suzlon Energy (NSEI:SUZLON) has been revised to 52.02 / share. This is an increase of 72.88% from the prior estimate of 30.09 dated January 16, 2024. The price target is an average of many targets provided by analysts.

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.

In a further equity infusion, Dilip Shanghvi, the founder of Sun Pharmaceuticals, agreed to purchase a 23 percent stake in Suzlon for a sum of ₹1,800 crore (US$230 million). The deal shrank Tanti's holding to 24 percent, but management control remained with the Tanti family.

Suzlon Energy Ltd. key Products/Revenue Segments include Wind Turbine Generator, Sale of services, Other Operating Revenue, Scrap for the year ending 31-Mar-2023. ICICI Securities has buy call on Suzlon Energy with a target price of Rs 48. The current market price of Suzlon Energy Ltd. is Rs 37.61.

Is Suzlon overvalued? ›

Intrinsic Value. The intrinsic value of one SUZLON stock under the Base Case scenario is 25.36 INR. Compared to the current market price of 41.35 INR, Suzlon Energy Ltd is Overvalued by 39%.

In 2008, Suzlon share price was at its peak at Rs 459 (4^th January 2008). But as on 9^th November 2021, Suzlon share price has plummeted to Rs 7.15. Suzlon is a penny stock now. A stock once adored by the stock market has now turned to be a wealth destructor.

Suzlon will invest Rs 30,000 crore and Renaissance Solar has proposed Rs. 6,000 crore. Suzlon plans to start a 5,000 MW wind power unit, while Renaissance Solar aims to expand its capacity to 20,000 MW by 2030.

Tulsi Tanti is the Founder, Chairman and Managing Director of Suzlon Group, an Indian MNC and a prominent player in the global renewable energy sector. A visionary and world renowned expert on clean energy, he champions the cause of affordable and sustainable energy.

Now, let's see what's happening in Suzlon Energy, and why it is rising. Company came back in profits in 2021. The Foreign investors' stake increased in the recent quarter. The lower interest rates and restructuring of loans helped the company to pay reduced interest therefore high profits.

9] Suzlon Energy: Share price of this energy stock has risen from ₹10.75 to ₹38.20 apiece levels in the year 2023. So, this is one of the multibagger penny stocks that Dalal Street has delivered in YTD time. In 2023, Suzlon share price has ascended over 250 per cent.