Suzlon energy share

Four state-owned financial entities — Punjab National Bank, Life Insurance Corporation of India, State Bank of India, and Bank of Baroda — that together own just over 45% of UTI Asset Management Company (AMC) are understood to be working on inviting formal bids for selling their stakes, top officials close to the development told ET.

The company's revenue for fiscal year 2023 was ₹5,947 crore, with ₹1,690 crore generated in just the fourth quarter. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the fiscal year totaled ₹832 crore, yielding a 14.0% EBITDA margin. Suzlon made a profit of ₹233 crore in the fourth quarter, with an EBITDA margin of 13.8%. "As evident from these results, we closed FY23 with a strong financial performance and the successful launch of our powerful 3 MW technology platform," stated Girish Tanti, Vice Chairman of Suzlon Group. Suzlon Group CEO JP Chalasani stated that FY23 was a year of demonstration and consolidation for the company. We have tackled our difficulties completely over the last three years, and the benefits were visible to all. “The company reduced its net debt by more than 90% over the last three years to address our capital structure issues, while responding to the market requirement of a larger wind turbine through our S144 – 3 MW series technology platform, "he stated. As per trendlyne data, the stock price rose 40.9% and underperformed its sector by 14.5% in the past year. On Wednesday's session, the stock was trading at high volume of 344.9 million with price gain of 9.39. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, ₹320 crore net profit in March quarter, driven by lower expenses

Suzlon share price has been in uptrend for the last one month and the energy stock has risen from around ₹8.25 apiece to ₹15.65 per share levels, logging around 90 per cent rise in this time. In intraday trade on Tuesday, Suzlon Share price today opened with an upside gap and went on to hit intraday high of ₹15.65 apiece, hitting new 52-week high during half way mark of Tuesday session. "Market has witnessed turnaround in wind and other renewable energy stocks in recent bull run. As Suzlon share price was available at discounted price, peopled pumped money in bulk that led to spurt trade volume of the stock," said Avinash Gorakshkar. On Suzlon share price chart, Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal said, "Suzlon share price has given breakout at ₹12.50 apiece levels and is looking in bull trend on chart pattern. We may witness some more upside in the scrip as there is substantial rise in trade volume of the stock. Suzlon share price may go up to ₹18 and then ₹20. So, those who have this scrip in portfolio, they are advised to hold the scrip with trailing stop loss at ₹12.50 apiece levels." However, Chandan Taparia of Motilal Oswal advised positional investors to avoid taking fresh position in Suzlon shares as the stock has already shot up to the tune of 90 per cent in last one month. Suzlon Energy news In May 2023, In mid-May 20223, Suzlon Energy announced that it has received an order from Vibrant Energy for 33 wind turbine generators (WTGs) fe...

Shares of Suzlon Energy surged as much as 17.9% to hit a 52-week high of ₹14.39 apiece on the BSE, a day after the company said that the cumulative orders of 1,542 megawatt are the highest since 2019. These include the order book as on March 2023, of 652 megawatt plus orders secured subsequently of 890 megawatt. On Wednesday, the scrip opened marginally higher at ₹12.57 as against the closing price of the previous session at ₹12.20. At 13:15 pm, the share price of Suzlon Energy was trading 16.72% higher at ₹14.24. At present, shares of Suzlon Energy are trading 165% higher than the 52-week low of 5.43, which the company touched on July 28 last year. During the session, the market capitalisation stood at ₹17,318.21 crore with19,83,96,112shares exchanging hands on the BSE against the two-week average of 772.49 lakh shares. In the past month, three months and one year, the counter has given 63.58%, 64.53% and 74.69% returns, respectively. "Our priority going forward is to pursue quality orders with a higher value and better margins. Our focus remains on execution and building our order book. Our OMS business continues to do well. It has over 16 gigawatts of renewable capacity under maintenance globally, out of which close to 14 gigawatt is in India. With a positive sectoral outlook and strong fundamentals, we at Suzlon are now well equipped to leverage the market opportunity arising from energy transition," said JP Chalsani, CEO, Suzlon Energy. The company said that Suzlon En...

Building A Sustainable Future Suzlon is India’s leading renewable energy solutions provider offering a 360-degree total solutions package to its customers that covers the entire spectrum of wind energy projects. For more than two decades, our turnkey solutions and lifetime support combined with the best-in-class products have created value for our customers throughout the globe. Powering companies, industries and a greener tomorrow. We innovate. We create. We nurture. We are Suzlon! × IMMEDIATE ATTENTION - ALERT ON FRAUDULENT ACTIVITIES This is to bring to the notice of public at large that a person or a company, by the name of GR Real Earn ( seema418@ibl" as part of some schemes and the said fraudster is attempting to collect money from people and falsely claiming that the same is being allegedly claimed by Suzlon Energy Limited. This alert is to caution the public at large and all the investors that Suzlon Energy Limited, including its affiliates have no relation or knowledge of this company " GR Real Earn" or the UPI ID " seema418@ibl" and we disassociate ourselves from any activities undertaken by GR Real Earn or any other person or company which claims to collect money from the public at large. Be it known by public at large that we have announced our First and Final Call for Rights Issue on 24th February 2023 which provides for payment through ASBA mechanism only i.e. blocking the amount in the respective bank account of the share-holders and therefore no money is di...

"As on date, the paid-up capital of the company is Rs 24,88,21,24,180 divided into 12,40,90,37,097 fully paid-up equity shares having a face value of Rs 2 each and 6,40,49,986 partly paid-up equity shares having a face value of Rs 2 each with Re 1 each," it further stated. Bourses BSE and NSE have put the securities of Suzlon Energy under the short-term ASM (Additional Surveillance Measure) framework. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-to-earnings (P/E) ratio. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices. Suzlon Energy reported a consolidated net profit of Rs 320 crore for the March 2023 quarter, led by lower expenses. It recorded a consolidated net loss of Rs 193 crore in Q4 FY22. In addition, Suzlon reduced its net debt by 79.64 per cent to Rs 1,180 crore in Q4 FY23 compared to Rs 5,796 crore in the corresponding period last year. Turnover on the counter stood at Rs 79.32 crore on BSE today, commanding a market capitalisation (m-cap) of Rs 17,715.58 crore. On technical setup, the stock was last seen trading higher than the 5-day, 20-, 50-, 100- and 200-day moving averages. The counter's 14-day relative strength index (RSI) came at 69.31. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-ea...

The company's revenue for fiscal year 2023 was ₹5,947 crore, with ₹1,690 crore generated in just the fourth quarter. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the fiscal year totaled ₹832 crore, yielding a 14.0% EBITDA margin. Suzlon made a profit of ₹233 crore in the fourth quarter, with an EBITDA margin of 13.8%. "As evident from these results, we closed FY23 with a strong financial performance and the successful launch of our powerful 3 MW technology platform," stated Girish Tanti, Vice Chairman of Suzlon Group. Suzlon Group CEO JP Chalasani stated that FY23 was a year of demonstration and consolidation for the company. We have tackled our difficulties completely over the last three years, and the benefits were visible to all. “The company reduced its net debt by more than 90% over the last three years to address our capital structure issues, while responding to the market requirement of a larger wind turbine through our S144 – 3 MW series technology platform, "he stated. As per trendlyne data, the stock price rose 40.9% and underperformed its sector by 14.5% in the past year. On Wednesday's session, the stock was trading at high volume of 344.9 million with price gain of 9.39. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, ₹320 crore net profit in March quarter, driven by lower expenses

Building A Sustainable Future Suzlon is India’s leading renewable energy solutions provider offering a 360-degree total solutions package to its customers that covers the entire spectrum of wind energy projects. For more than two decades, our turnkey solutions and lifetime support combined with the best-in-class products have created value for our customers throughout the globe. Powering companies, industries and a greener tomorrow. We innovate. We create. We nurture. We are Suzlon! × IMMEDIATE ATTENTION - ALERT ON FRAUDULENT ACTIVITIES This is to bring to the notice of public at large that a person or a company, by the name of GR Real Earn ( seema418@ibl" as part of some schemes and the said fraudster is attempting to collect money from people and falsely claiming that the same is being allegedly claimed by Suzlon Energy Limited. This alert is to caution the public at large and all the investors that Suzlon Energy Limited, including its affiliates have no relation or knowledge of this company " GR Real Earn" or the UPI ID " seema418@ibl" and we disassociate ourselves from any activities undertaken by GR Real Earn or any other person or company which claims to collect money from the public at large. Be it known by public at large that we have announced our First and Final Call for Rights Issue on 24th February 2023 which provides for payment through ASBA mechanism only i.e. blocking the amount in the respective bank account of the share-holders and therefore no money is di...

Shares of Suzlon Energy surged as much as 17.9% to hit a 52-week high of ₹14.39 apiece on the BSE, a day after the company said that the cumulative orders of 1,542 megawatt are the highest since 2019. These include the order book as on March 2023, of 652 megawatt plus orders secured subsequently of 890 megawatt. On Wednesday, the scrip opened marginally higher at ₹12.57 as against the closing price of the previous session at ₹12.20. At 13:15 pm, the share price of Suzlon Energy was trading 16.72% higher at ₹14.24. At present, shares of Suzlon Energy are trading 165% higher than the 52-week low of 5.43, which the company touched on July 28 last year. During the session, the market capitalisation stood at ₹17,318.21 crore with19,83,96,112shares exchanging hands on the BSE against the two-week average of 772.49 lakh shares. In the past month, three months and one year, the counter has given 63.58%, 64.53% and 74.69% returns, respectively. "Our priority going forward is to pursue quality orders with a higher value and better margins. Our focus remains on execution and building our order book. Our OMS business continues to do well. It has over 16 gigawatts of renewable capacity under maintenance globally, out of which close to 14 gigawatt is in India. With a positive sectoral outlook and strong fundamentals, we at Suzlon are now well equipped to leverage the market opportunity arising from energy transition," said JP Chalsani, CEO, Suzlon Energy. The company said that Suzlon En...

Suzlon share price has been in uptrend for the last one month and the energy stock has risen from around ₹8.25 apiece to ₹15.65 per share levels, logging around 90 per cent rise in this time. In intraday trade on Tuesday, Suzlon Share price today opened with an upside gap and went on to hit intraday high of ₹15.65 apiece, hitting new 52-week high during half way mark of Tuesday session. "Market has witnessed turnaround in wind and other renewable energy stocks in recent bull run. As Suzlon share price was available at discounted price, peopled pumped money in bulk that led to spurt trade volume of the stock," said Avinash Gorakshkar. On Suzlon share price chart, Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal said, "Suzlon share price has given breakout at ₹12.50 apiece levels and is looking in bull trend on chart pattern. We may witness some more upside in the scrip as there is substantial rise in trade volume of the stock. Suzlon share price may go up to ₹18 and then ₹20. So, those who have this scrip in portfolio, they are advised to hold the scrip with trailing stop loss at ₹12.50 apiece levels." However, Chandan Taparia of Motilal Oswal advised positional investors to avoid taking fresh position in Suzlon shares as the stock has already shot up to the tune of 90 per cent in last one month. Suzlon Energy news In May 2023, In mid-May 20223, Suzlon Energy announced that it has received an order from Vibrant Energy for 33 wind turbine generators (WTGs) fe...