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

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. 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.

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