Shares of energy sector company Suzlon Energy saw a strong rise after the quarterly results were released and its adjusted net profit jumped 5 times to Rs 1,181 crore. After the company's quarterly results were released, its shares jumped by about 14 percent on Friday. After the market closed on Thursday, this energy company said that such a rise in growth has been seen due to increase in its revenue.
The price target of this company has now been increased to Rs 83. On Thursday, Suzlon Energy's shares closed at Rs 65. That is, there can be a direct profit of 28 percent on investment in its shares. Brokerage firm Motilal oswal has also advised to buy its shares.
Motilal oswal advised to buy
He said that the energy company has given guidance of at least 60 percent annual growth in revenue, delivery, profit and EBITDA for the financial year 2025-26. The firm says that this guidance is in line with market estimates and also reflects the management's confidence in this sector.
If we talk about its stock, it has given tremendous returns. In five years, this stock has given a return of 2700 percent, 581.35 percent in 2 years, while in 1 year this stock has given a return of 60 percent. While the Suzlon Energy stock has jumped 15.40 percent in the last 6 months, while in three months it has gone up by 46.16 percent. If we talk about one month, then it has jumped by about thirty percent.
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