Experts Predict Up to 31% Rally for Suzlon Energy Shares Post Q4 Earnings
Can Suzlon Energy shares rally up to 31% after Q4 results? Top brokerages weigh in
The Economic TimesImage: The Economic Times
Suzlon Energy's shares may surge by 31% following its Q4 earnings report, despite a 6% decline in net profit to ₹1,114 crore. Revenue rose 45% to ₹5,468 crore. Brokerages like Systematix, Motilal Oswal, and JM Financial maintain 'Buy' ratings, while Nuvama has downgraded to 'Hold'.
- 01Suzlon Energy reported a consolidated net profit of ₹1,114 crore for Q4, down 6% year-on-year.
- 02Revenue from operations increased by 45% year-on-year to ₹5,468 crore.
- 03Systematix set a target price of ₹71, indicating a potential upside of 31.5%.
- 04Motilal Oswal and JM Financial both maintain target prices of ₹65, suggesting a 20% upside.
- 05Nuvama Institutional Equities downgraded Suzlon to 'Hold' with a target price of ₹55, reflecting a more cautious outlook.
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Suzlon Energy's recent Q4 earnings report has prompted analysts to speculate a potential rally in its shares, with estimates suggesting an increase of up to 31%. The company posted a consolidated net profit of ₹1,114 crore, a 6% decrease from the previous year, but revenue surged by 45% to ₹5,468 crore. Brokerages like Systematix have maintained a 'Buy' rating, setting a target price of ₹71 based on the company's leadership in wind energy and its strategic transition towards an integrated renewable energy platform. Motilal Oswal and JM Financial also support a 'Buy' stance with target prices of ₹65, emphasizing the importance of order inflows and project deliveries. However, Nuvama has taken a contrarian view, downgrading the stock to 'Hold' with a target price of ₹55 due to expected stabilization in the domestic wind industry's capacity additions amid rising competition from solar and battery projects.
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The performance of Suzlon Energy shares can influence investor sentiment and investment in the renewable energy sector.
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