Suzlon Energy Limited is one of the most well-known companies in the Indian renewable energy sector. Recently, it has been making a buzz in the market due to its stock price fluctuation and poor market performance. There is a sentiment of fear among investors but the fall and rise are essential parts of the stock market. As of October 1, 2024, the market has closed at 79.85 INR. It has taken a remarkable dip of 0.25% today. This will discuss the future of Suzlon share price, Suzlon current share price and Suzlon Energy latest news.
What is Suzlon Energy Ltd?
Suzlon Energy Ltd. was founded in 1995 by Tulsi Tanti. But now, it has become a key player in India’s renewable energy sector. It is in the first position when it comes to wind turbine global producer with grand presence in global locations.
- Market Cap: ₹1,08,399Cr
- Open Price: 80.21
- Previous Close: 80.09
- Volume: 42,34,088
- Lower Circuit: 76.09
- Upper Circuit: 84.09
- P/E Ratio: 27.76
- ROE: 16.84%
Shareholders:
56.03% Retail and Others
21.53% Foreign Institutions
13.27% Promoters
5.34% Other Domestic Institutions
3.82% Mutual Funds
Suzlon Energy Ltd. Bearish Run
Suzlon Energy Ltd. experienced a slight bearish trend today, with Suzlon current share price trading at ₹79.89 at 3:00 PM, down by 0.25% from the previous close. Throughout the day, the stock hit a high of ₹81.57 and a low of ₹79.50. In comparison, the Sensex is also slightly down, trading at ₹84,252.32, a 0.06% drop.
On the technical side, Suzlon shares are trading above key moving averages (20, 50, and 100-day), indicating overall strength. It is one of the most potential Long-Term Stock.
However, the volume traded is significantly lower, down by 83.04% compared to the previous session. Low trading volume combined with a price decline can suggest a possible further dip in the stock. On the other hand, higher volume with price movement generally points to sustainable trends.
Suzlon Energy Latest News
Currently, Suzlon is showing signs of a trend reversal after a strong uptrend. From a fundamental perspective, the company has a Return on Equity (ROE) of 26.31%, which is quite healthy. However, its price-to-earnings (P/E) ratio is at a high of 125.58, suggesting that the stock may be overvalued.
The median 1-year future of Suzlon share price predicts a 7.37% upside, with a target of ₹74.00. The company’s promoter holding stands at 13.27%, while mutual funds and foreign institutional investors (FII) have increased their stakes over the last quarter. Mutual funds now hold 2.12%, up from 1.14%, and FII holdings have risen to 20.63%, up from 18.67% in March.
Its Peers Are Still Rising:
While Suzlon’s share price has dipped, its peers, such as Bharat Heavy Electricals, Voltas, and Blue Star, are on the rise. Benchmark indices Nifty and Sensex are also down slightly, reflecting broader market sentiment. Overall, the current bearish run could indicate caution for short-term investors, though long-term prospects remain mixed based on technical and fundamental indicators.
The Future of Suzlon Share Price:
| Year | Share Price Target |
| 2024 | ₹80.00 |
| 2025 | ₹120.00 |
| 2026 | ₹165.00 |
| 2027 | ₹210.00 |
| 2028 | ₹320.00 |
| 2029 | ₹440.00 |
| 2030 | ₹550.00 |
Suzlon, a key player in the renewable energy sector, shows promising growth in its share price from 2024 to 2030. According to predictions, the share price could reach ₹80 in 2024 and ₹120 in 2025. By 2026, it may rise to ₹165, continuing upward to ₹210 in 2027. In 2028, the target is ₹320, increasing to ₹440 in 2029 and finally reaching ₹550 by 2030.
Government policies and incentives play a crucial role in this growth. Subsidies, tax credits, and supportive regulations encourage investment in wind power projects, benefiting companies like Suzlon. Additionally, global economic conditions impact investor confidence. A stable global economy, with controlled interest rates and inflation, generally leads to higher valuations for renewable energy stocks. This positive outlook is reflected in future of Suzlon share price is projected on rise over the years.
The Bottom Line:
As the stock market experts’ mantra says, buy in a bearish market and sell in a bullish market, this is the right time to buy the potential Suzlon stocks. The price may touch the lower limit of 71 INR and as renewable energy is one of the most potentially growing industries, the price may cross 500 INR in 5 years. In short the future of Suzlon share price is bright.
Disclaimer: Stock Market is subject to market fluctuations. We are just giving our point of view and we request you to do your own research before investing. Due diligence is the key to a growth investment strategy.
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