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Stock Tips- Suzlon Energy share, which has given multibagger returns of 1300 percent in five years, is under pressure for the last one year. During this period, Suzlon share price has fallen by 22 percent. Now the brokerage has once again expressed the possibility of a strong rise in this stock.
New Delhi. The shares of Suzlon Energy, a company providing wind energy solutions, have been sluggish for some time. This stock has fallen 22 percent in one year and 9 percent in the last one month. But, now the brokerage has predicted a revival of this energy stock. Brokerage firms Motilal Oswal and Morgan Stanley have given it ‘buy’ rating. Of the nine brokerages covering the stock, eight have advised investors to buy Suzlon Energy shares, while one has given a ‘Hold’ rating. The average target price of all brokerages is about 43 percent higher than the current price. Today, on Monday, December 8, Suzlon share is trading at Rs 52.22 on NSE with a rise of about one percent.
Brokerage firm Motilal Oswal has maintained its ‘Buy’ rating on Suzlon shares after the recent analyst meet. Suzlon Energy organized ‘Manufacturing Days’ on 4 and 5 December, where the management briefed investors and market analysts about the company’s roadmap. The company said the recent slowdown in the central renewable energy segment will have limited impact on its near-term order flow. According to Suzlon, about 15 GW of wind orders are still in the bidding or awarding stage, which is a sign that demand remains strong.
Target of 10 GW installation annually by 2028
Suzlon Energy says that India is expected to achieve its target of installing 10 GW of wind energy every year by financial year 2028. The growing power needs of AI and data centres, and growing demand from the commercial and industrial sectors, provide a huge opportunity to achieve India’s 100 GW wind energy target by 2030.
Suzlon Energy Share Target Price
Motilal Oswal has valued Suzlon Energy’s stock at 30 times its estimated FY2028 EPS (earnings per share), which is close to its historical average valuation of 27 times two years ahead. The brokerage has given the target price of Suzlon share at Rs 74, which shows a potential upside of about 43% from its previous closing price.
Morgan Stanley is also bullish on Suzlon shares and has maintained its ‘overweight’ rating. The brokerage has fixed the target price of this share at Rs 78. Talking about other analysts, a total of 9 analysts are covering Suzlon share. Of these, 8 analysts have given ‘Buy’ rating and one has given Hold rating. The average target price of all these analysts shows an increase of up to 43%.
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