Suzlon Energy: A few months ago, Suzlon Energy shares were available cheaper than Rs 5. Meanwhile, the company has been reducing its debt. As soon as Suzlon Energy became a debt-free company, its share price started skyrocketing. Suzlon Energy’s shares have given more than 100 percent return on investors’ money in just 3 months. Now, let’s understand how much more investors can make with the Rs 25 Suzlon Energy share.
As far as returns are concerned, Suzlon Energy shares have been giving very good returns in the recent past. In August 2023 alone, Suzlon Energy shares gave a return of 29.53 percent. Whereas the company’s shares have given a whooping return of 124.22 percent in three months. If we only look at the one-year return of the share, it has given a 197.56 percent return. Whereas in 3 years, Suzlon Energy’s shares have increased their value more than five times. In the last 3 years, the return of Suzlon Energy shares has been 584.93 percent.
Suzlon Energy has recently raised money, making it completely debt-free and the company also has a lot of orders. In such a situation, experts believe that Suzlon Energy can perform very well in the future as well.
JM Financial Prediction
Brokerage house, JM Financial, has given a buy call on shares of Suzlon Energy. The firm has given a target price of Rs 30 for Suzlon Energy. According to this target price, Suzlon shares can still earn around 38 percent.
According to Rajesh Bhosle, Equity Technical and Derivatives Analyst of Angel One, Suzlon Equity, his opinion is positive. According to them, if for some reason Suzlon’s share comes to the level of Rs 22 to Rs 22.5, then investment can be made. Whereas in Suzlon a registrant of Rs 27 can be seen.
Note: Here the target price of Suzlon Energy issued by brokerage companies is given. Before investing, definitely consult your financial advisor once.
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