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Business / Tue, 28 May 2024 The Economic Times

Suzlon stocks: Buy Suzlon Energy, target price Rs 58: Anand Rathi

Suzlon Energy Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 61529.35 Crore) operating in Power sector. FinancialsFor the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 2207.43 Crore, up 40.63 % from last quarter Total Income of Rs 1569.71 Crore and up 29.85 % from last year same quarter Total Income of Rs 1699.96 Crore. Company has reported net profit after tax of Rs 254.12 Crore in latest quarter. (You can now subscribe to our(You can now subscribe to our ETMarkets WhatsApp channel Anand Rathi has buy call on Suzlon Energy with a target price of Rs 58. The current market price of Suzlon Energy Ltd. is Rs 45.67.Suzlon Energy Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 61529.35 Crore) operating in Power sector.

Agencies Promoters held 13.29 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.57 per cent, DIIs 3.61 per cent.

Suzlon Energy Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 61529.35 Crore) operating in Power sector.

Financials

For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 2207.43 Crore, up 40.63 % from last quarter Total Income of Rs 1569.71 Crore and up 29.85 % from last year same quarter Total Income of Rs 1699.96 Crore. Company has reported net profit after tax of Rs 254.12 Crore in latest quarter.

Promoter/FII Holdings

Promoters held 13.29 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.57 per cent, DIIs 3.61 per cent.

(You can now subscribe to our

(You can now subscribe to our ETMarkets WhatsApp channel Anand Rathi has buy call on Suzlon Energy with a target price of Rs 58. The current market price of Suzlon Energy Ltd. is Rs 45.67.Suzlon Energy Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 61529.35 Crore) operating in Power sector. Suzlon Energy Ltd . key Products/Revenue Segments include Wind Turbine Generator, Sale of services, Other Operating Revenue, Scrap for the year ending 31-Mar-2023.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 2207.43 Crore, up 40.63 % from last quarter Total Income of Rs 1569.71 Crore and up 29.85 % from last year same quarter Total Income of Rs 1699.96 Crore. Company has reported net profit after tax of Rs 254.12 Crore in latest quarter.Promoters held 13.29 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.57 per cent, DIIs 3.61 per cent.

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