According to latest market data, Suzlon Energy is currently hovering around the ₹65 mark, representing a significant increase from the previous target price of ₹56 maintained by brokerage firm Nuvama. The stock's recent price movement indicates positive market sentiment despite the mixed growth outlook. The company currently trades with a market valuation of ₹76,341.28 crore and remains a component of the BSE 100 index, reflecting its continued importance in the renewable energy sector.
According to reports from ET Now, brokerage firm Nuvama has maintained a HOLD rating on Suzlon Energy with a target price of ₹56, implying marginal upside potential. The company currently trades with a market valuation of ₹76,341.28 crore and is a component of the BSE 100 index. Despite the constructive long-term outlook, Nuvama noted that growth could be back-ended and relatively lower margins due to a higher EPC and O&M mix. The current stock price movement around ₹65 suggests positive market reaction to recent developments.
As reported by ET Now, Suzlon Energy targets a 25%+ revenue CAGR over FY26 to FY31E and annual sales of 10 GW, with DevCo expected to contribute over 60% of the mix. The company's India wind market share is guided to expand to 40%+ from around 35%, alongside 3 GW exports. RE AUM is projected to scale sharply to 70 GW+ by FY31E from around 18 GW currently. Nuvama estimates FY31E EPS at around ₹3.7, implying a 23% PBT CAGR, with FY27E and FY28E EPS revised up by 0.7% and 9% respectively.
According to ET Now reports, the stock has shown mixed performance across different time horizons. On a one-year horizon, the stock remains under pressure, down 14.16%, highlighting earlier consolidation. However, longer-term performance remains strong, with gains of 12.33% over two years, a sharp 284.30% rise over three years, and an exceptional 738.16% return over five years. Over a 10-year period, the stock is up 233.55%, underscoring its long-term wealth creation trend despite cyclical drawdowns. The current stock price movement around ₹65 suggests positive market reaction to recent developments, indicating improved investor sentiment compared to the previous target price.
