Renewable energy stocks are buzzing today! Suzlon Energy's share price surged over 13% to hit a 6-month high after the company reported a 5x jump in Q4 net profit. This sudden rally has investors wondering: Is this the start of a long-term comeback for Suzlon, or just a short-term spike?
Let’s break down the Q4 results, analyze why the stock is rising, and whether you should consider investing.
1. Suzlon’s Q4 Results – Key Highlights
✅ Net Profit: ₹254 crore (5x increase vs ₹50.5 crore YoY)
✅ Revenue: ₹2,207 crore (up 29% YoY)
✅ Order Book: 1.6 GW (worth ~₹7,000 crore)
✅ Debt Reduction: Net debt now at ₹1,180 crore (down from ₹5,000 crore in 2022)
Why Such a Big Profit Jump?
Strong execution of wind energy projects
Lower finance costs (debt reduced significantly)
Higher turbine sales & maintenance contracts
2. Suzlon Share Price – What’s Driving the Rally?
Today’s Movement (May 29, 2024)
Opened at: ₹46.50
Intraday High: ₹52.20 (+13.5%)
Current Price: ~₹50-51 (6-month high)
3 Reasons Behind the Surge
1️⃣ Strong Q4 Results – Profit growth beat expectations
2️⃣ Renewable Energy Push – Govt’s focus on wind power
3️⃣ Short-Covering – Traders rushing to exit bearish bets
3. Technical & Fundamental Analysis
Technical Outlook (Short-Term)
Resistance Level: ₹55 (next major hurdle)
Support Level: ₹45 (if profit-booking happens)
RSI: ~68 (approaching overbought zone)
Fundamental Check
✔ Positive: Order book growth, debt reduction
❌ Risk: High competition (Inox Wind, Siemens Gamesa)
4. Should You Buy Suzlon Energy Shares Now?
Reasons to Consider Buying
✅ Government Support: Wind energy targets under National Green Hydrogen Mission
✅ Debt Under Control: No longer a "debt-ridden" company
✅ Global Trend: Renewables in focus amid climate push
Reasons to Be Cautious
⚠ Valuation Stretched? Stock up 300%+ from 52-week lows
⚠ Execution Risk: Past history of financial troubles
⚠ Competition: Big players like Adani Green entering wind space
Expert Opinions
Motilal Oswal: "Suzlon is a turnaround story; hold for long-term."
Market Veteran Porinju Veliyath: "Renewables will boom; Suzlon well-placed."
5. Long-Term Outlook – Is Suzlon a Multibagger?
2024 Target (Brokerage Views): ₹60-65
2025 Potential: If order book crosses 3 GW, stock could double
Key Triggers to Watch:
New wind energy tenders
Expansion into hybrid (solar + wind) projects
Govt’s offshore wind policy
6. How to Invest?
Short-Term Traders: Wait for dip near ₹45-47
Long-Term Investors: SIP approach recommended (volatility expected)
Final Verdict
Suzlon’s Q4 results show real progress, but the stock is now in "wait and watch" territory. If you’re already holding, book partial profits. New investors should wait for consolidation before entering.
Will Suzlon hit ₹100 in 2 years? Share your views!
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