Suzlon Energy shares snapped a four-day winning streak on Thursday, falling nearly 3% to Rs 64.75 ahead of its March quarter earnings due later in the day. The stock had opened higher for a fifth straight session but reversed early gains.
Until Wednesday’s close, the stock had risen over 8% across four sessions.
In the December quarter (Q3 FY25), Suzlon reported a 91% year-on-year jump in revenue to Rs 2,968 crore, with EBITDA doubling over the same period. Margins improved by 90 basis points. Volumes reached 447 MW, compared to 170 MW a year earlier and 256 MW in the previous quarter. For the first nine months of FY25, total deliveries stood at 977 MW.
Last month, the company extended its partnership with NTPC Green Energy, securing a 378 MW order — its largest to date from any single customer. This brought Suzlon’s total orders from NTPC Green to 1,544 MW. In September 2023, it received a 1,166 MW wind energy order from the same PSU.
Suzlon Energy share price target
According to Trendlyne, the average target price for Suzlon Energy is Rs 72, suggesting an upside of nearly 10% from current levels. Of the nine analysts covering the stock, the consensus rating is ‘Strong Buy’.
Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months
Suzlon shares technical indicators
On the technical side, the Relative Strength Index (RSI) is at 71.3, indicating overbought conditions and the possibility of a pullback. The MACD stands at 1.5, above both its center and signal lines, suggesting a bullish trend.
Suzlon Energy shares are currently trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
Suzlon Energy share performance
Suzlon shares have gained 31% over the past three months, and 528% over the past two years. The company’s current market capitalisation stands at Rs 88,704 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Until Wednesday’s close, the stock had risen over 8% across four sessions.
In the December quarter (Q3 FY25), Suzlon reported a 91% year-on-year jump in revenue to Rs 2,968 crore, with EBITDA doubling over the same period. Margins improved by 90 basis points. Volumes reached 447 MW, compared to 170 MW a year earlier and 256 MW in the previous quarter. For the first nine months of FY25, total deliveries stood at 977 MW.
Last month, the company extended its partnership with NTPC Green Energy, securing a 378 MW order — its largest to date from any single customer. This brought Suzlon’s total orders from NTPC Green to 1,544 MW. In September 2023, it received a 1,166 MW wind energy order from the same PSU.
Suzlon Energy share price target
According to Trendlyne, the average target price for Suzlon Energy is Rs 72, suggesting an upside of nearly 10% from current levels. Of the nine analysts covering the stock, the consensus rating is ‘Strong Buy’.
Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months
Suzlon shares technical indicators
On the technical side, the Relative Strength Index (RSI) is at 71.3, indicating overbought conditions and the possibility of a pullback. The MACD stands at 1.5, above both its center and signal lines, suggesting a bullish trend.
Suzlon Energy shares are currently trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
Suzlon Energy share performance
Suzlon shares have gained 31% over the past three months, and 528% over the past two years. The company’s current market capitalisation stands at Rs 88,704 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
