Suzlon Energy share price today, on March 10, 2025, as of 11.39 am, reached ₹55.13. This is a gain of 0.38% from the last close of ₹54.92. The stock has been witnessing steady gains, following its trend of moving higher over the last six trading days.
Suzlon stock rose to a high of ₹56.79 during the morning trade, which is an above 3% rise from Friday's close. This intense rally has seen a 14% rise in the last six days. The continued growth shows increasing investor faith in Suzlon Energy.
The performance of the stock in the last year has been extremely volatile with a 52-week high and low of ₹86.04 and ₹35.50. It is currently trading below its 200-day moving average, which reflects a long-term bearish trend. However, the recent rally indicates a potential change in momentum if the stock continues to hold above key resistance levels. Suzlon's market capitalization is at ₹75,245 crore, making it a major player in the renewable energy sector.
Suzlon Energy reported strong financial progress, with its net profit jumping 90.56% during the third quarter of FY24-25 compared to the same period last year. The revenue of the company also grew to ₹3,002.36 crore, which is a 91% increase. The strong financial growth is due to an increasing order book, cost reduction measures, and rising demand for renewable energy solutions.
One of the major developments in Suzlon stock’s recent success is its recent order from Jindal Green Wind 1 Pvt Ltd. It is the largest commercial and industrial (C&I) order received by the company so far. This new order has taken Suzlon's overall order book to 5.9 gigawatts (GW), the highest ever for the company. This boost further puts Suzlon Energy among the top players in the wind energy business.
Market experts are positive about Suzlon Energy, focusing on its future growth prospects in the renewable energy space. Analysts suggest a ‘BUY’ rating for Suzlon shares with a price target of ₹70 per equity share. Suzlon's topline is estimated to increase at a CAGR of 55% between FY24 and FY27, with profitability expanding at a CAGR of 66%. Return on equity (ROE) is projected to be 32% in FY27, reflecting good long-term growth opportunities. The highest target price for the stock is ₹82, while the lowest is ₹60, reflecting a potential upside from the current levels.
Despite the huge growth, Suzlon Energy is challenged by high debt and competition from other renewable energy companies. Nevertheless, its emphasis on wind energy solutions, growing global usage of renewable energy, and solid order pipeline points to positive long-term growth.
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