Suzlón shares: If you are also earning in the stock market, then this news is no less than good news for you. In fact, Suzlon Energy, which continuously makes people rich in the energy sector, recently received India’s largest energy-related order to date. Thanks to this, Suzlon shares can become rockets that fly with wings continuously. If we talk about the last 6 months, the company has given double profits to the investors. This order is not only a great achievement for the company but is expected to bring huge profits not only for the company but also for the investors. This order can also prove to be a milestone in the energy sector of the country.
Suzlon Energy has secured a 1,166 MW order from NTPC Green Energy Limited, which is the largest wind power order to date. Suzlon Energy will install a total of 370 wind turbines, which will include towers and Hybrid Lattice Tubular (HLT) turbines with a capacity of 3.15 MW. Suzlon has acquired a 51% stake in Renom Energy, making it a subsidiary of the company. This deal has been made as part of the company’s development strategy.
Intermediation increased the target
ICICI Securities has recently raised the target price on Suzlon Energy to Rs 80 from Rs 70 earlier. At the same time, the advertised rating on the company has also been maintained. The reason is that Suzlon meets its capital needs by selling its non-core assets, which strengthens the company’s financial position.
Suzlon Energy shares have gained 95% so far this year, way ahead of Nifty’s 16% return. In the past 12 months, Suzlon shares have gained a whopping 213%, which is a huge achievement for investors. At the same time, if we talk about 6 months, the company has given double returns to investors. In six months, Suzlon Energy has given investors a return of around 90 percent.
What does the company do?
Suzlon is the largest wind turbine manufacturer in India and a major portion of the total installed wind power capacity in the country is installed by this company. Suzlon manufactures wind turbines of various capacities, capable of operating in various wind conditions. Apart from this, Suzlon also establishes and operates a wind farm. Suzlon’s presence is not limited to India only, but it is also active in many other countries like America, Europe, Australia and South Africa.
