Suzlon Energy shares slip 3% ahead of Q4 results after four-day rally

Synopsis

Suzlon Energy shares: According to Trendlyne, Suzlon Energy has an mean people terms of Rs 72, indicating a imaginable upside of astir 10% from existent levels. Among the 9 analysts tracking the stock, the statement standing is simply a ‘Strong Buy’.

Suzlon Energy shares snapped a four-day winning streak connected Thursday, falling astir 3% to Rs 64.75 up of its March 4th net owed aboriginal successful the day. The banal had opened higher for a 5th consecutive league but reversed aboriginal gains.

Until Wednesday’s close, the banal had risen implicit 8% crossed 4 sessions.

In the December 4th (Q3 FY25), Suzlon reported a 91% year-on-year leap successful gross to Rs 2,968 crore, with EBITDA doubling implicit the aforesaid period. Margins improved by 90 ground points. Volumes reached 447 MW, compared to 170 MW a twelvemonth earlier and 256 MW successful the erstwhile quarter. For the archetypal 9 months of FY25, full deliveries stood astatine 977 MW.

Last month, the institution extended its concern with NTPC Green Energy, securing a 378 MW bid — its largest to day from immoderate azygous customer. This brought Suzlon’s full orders from NTPC Green to 1,544 MW. In September 2023, it received a 1,166 MW upwind vigor bid from the aforesaid PSU.

Suzlon Energy stock terms target

According to Trendlyne, the mean people terms for Suzlon Energy is Rs 72, suggesting an upside of astir 10% from existent levels. Of the 9 analysts covering the stock, the statement standing is ‘Strong Buy’.

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Suzlon shares method indicators