In Q1 FY25, Suzlon also reported a 50% increase in revenue from operations, reaching Rs 2,016 crore compared to Rs 1,348 crore in the same period last year. The company’s EBITDA rose 86% to Rs 370 crore, with an improved EBITDA margin of 18.4%, up from 14.8% a year earlier.
The stock also hit a 5% upper circuit in today’s trade and has reached the upper circuit 7 times in the past 13 trading sessions since the results announcement.
Adding to the positive sentiment, Suzlonβs board recently approved the acquisition of a 76% stake in Renom Energy Services. The total acquisition cost is around Rs 660 crore, including Rs 400 crore for an initial 51% stake to be acquired within three months, and an additional 25% stake to be acquired within 18 months.
The acquisition of the first 51% stake will be in cash, while the remaining 25% can be acquired through cash or a share swap. This strategic move strengthens Suzlon’s presence in the non-Suzlon segments of the Indian wind energy services industry.In technical terms, the relative strength index (RSI) of the stock is currently at 69.8. According to Trendlyne data, an RSI below 30 is considered oversold, while an RSI above 70 is overbought. The Suzlon stock price is above the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).The Suzlon Group is a leading renewable energy solutions provider with 20.8 GW of wind energy capacity installed across 17 countries. Headquartered in Pune, Suzlon Energy is a vertically integrated organisation, with inβhouse research and development (R&D) centres in Germany, the Netherlands, Denmark, and India.Over the past year, Suzlon shares have nearly tripled in value, and they have gained 90% in the current calendar year.
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