Suzlon Energy shares downgraded by Morgan Stanley, stock falls 2%
Global brokerage Morgan Stanley has downgraded Suzlon Energy shares from “overweight” to “equal weight.” Following this update, the shares of the wind energy solutions provider fell 2% to a day’s low of Rs 80.5. Despite the downgrade, Morgan Stanley has raised its price target for Suzlon to Rs 88 per share, up from Rs 73….
READ MORE
Suzlon Energy shares hit 5% upper circuit for 3rd consecutive day, reach new 52-week high; here’s why
Shares of Suzlon Energy hit a 5% upper circuit for the third consecutive session, reaching a fresh 52-week high of Rs 86 in Wednesday’s trade on BSE. The rally was driven by positive investor sentiment following Morgan Stanley’s overweight rating on the renewable energy company. The stock saw heavy trading volumes, with nearly 13.94 crore…
READ MORE
Suzlon Energy shares: Smart retail investors book profits as big boys buy
Retail investors, who are often ridiculed for buying at peak and selling in bear markets, played it smart this time. Suzlon Energy saw small investors book profits in the June quarter even as both the big boys – FIIs and mutual funds – bought. The shareholding of retail investors, who were early birds in the…
READ MORE
Suzlon Energy hits Rs 1 lakh crore market cap; shares surge 37% since Q1 results
Suzlon Energy’s market capitalisation surpassed Rs 1 lakh crore on Friday, following a nearly 37% surge in its stock price since the company released its June quarter results on July 22. On Friday, the stock climbed 3.3% to a new 52-week high of Rs 75.39, driven by substantial trading volumes on the NSE. Approximately 5.83…
READ MORE
Suzlon Energy shares rally 33% since Q1 results announcement
Suzlon Energy shares have rallied 33% to Rs 73.04 since the company announced its June quarter results on July 22. This surge followed the renewable energy firm’s impressive growth in consolidated net profit, which soared to Rs 302 crore for Q1 FY25 β a 200% year-on-year (YoY) increase from Rs 101 crore in the same…
READ MORE
suzlon energy shares: JM Financial increases target price for Suzlon; sees upside potential of up to 14%
Domestic brokerage firm JM Financial increased the target price for Suzlon Energy’s stock to Rs 71 from an earlier Rs 54 after the company reported a stellar performance for the first quarter ended June 2024. βWe believe that gradual building of momentum for higher execution, healthy order book, more healthy bid pipeline, strengthening of balance…
READ MORE