Upper circuit in Suzlon as soon as the market opened, again after 42% correction, Nuvama gave a new target; 480% returns in 2 years

Renewable energy stock to buy: Renewable Energy Solutions Provider Suzalon Energy is a brokerage firm on Suzalon Energy’s stock. After the Q3 results, the analyst of brokerage firm Nuwama has advised Buy while upgrading his rating from Hold on the stock. During the October-December quarter of FY 2024-25, the Net profit of the multibagger renewable energy company increased by 91 percent to Rs 388 crore. Investors are also excited about this stock with tremendous quarterly results. As soon as the market opened on Wednesday, January 29, Suzalon’s shares were attached to an upper circuit. Although stock has been under pressure for some time, the long term has given investors a return of 480%.

Suzlon Energy: Brokerage upgraded the rating from Hold to Buy’s advice

Brokerage firm Nuvama (Nuvama) has advised Buy while upgrading his rating on Suzlon Energy. Along with this, the brokerage house has also revised the target price for stock. Nuwama has set a new target price for Suzlon Energy to Rs 60. In this way, the stock may give upset returns of 19.4% compared to Tuesday (January 28) in the next 12 months.

Brokerage House said, we have a positive outlook for long-term on Suzlon Energy. It has been decided to upgrade the ratings in view of the improvement in valuations and the recent fall in prices.

Suzlon Energy: Multibagger shares, returned 480% in 2 years

As soon as the market opened, BSE today (29 January) Suzlon Energy’s shares were attached to an upper circuit. The company’s stock was trading 5 percent at a price of 52.76. The stock has a 52 -week high of Rs 86.04 and 52 weeks low is Rs 35.49. Suzlon’s stock has been feeling pressure for some time and it has been corrected up to 42%. However, long -term stock returns have been multibagger. In the last two years, Suzalon’s shares have given investors a return of 480%.

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How was the Q3 result of Suzlon Energy?

Renewable Energy Solution Provider Suzalon Energy announced its third quarter results on Tuesday (28 January). In Q3Fy25, the company’s consolidated net profit increased by 91 percent to Rs 388 crore. In the information given to the stock market, the company said that the company’s profits have increased due to increasing income. The company earned a net profit of Rs 203 crore in the same quarter of the previous financial year.

The company’s net revenue increased from Rs 1,553 crore to Rs 2,969 crore a year ago. The company also achieved a record quarterly delivery of 447 MW in October-December 2024.

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