Shares of Renewable Energy sector, a major company, Suzlon Energy LTD, recorded a tremendous increase of 2300% from its low -lying level of Rs 1.70. At one time the stock was at the highest level of Rs 459, but after the fall it fell to Rs 1.70. Currently, the company shares are trading around Rs 55. Suzlon Energy has become one of the most tracking and active companies in the market today.
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Suzlon Energy: Travel from IPO so far
Suzlon Energy, established in 1995, got a listing in NSE and BSE through IPO in 2005. It became India’s first power company to achieve this feat. The IPO was subscribed to 15 times more. The shares of the company were introduced in the range of Rs 425-510.
In January 2008, Suzalon’s share reached his life time high 459 rupees, but after that it fell and in March 2020 touched his life time of Rs 1.58.
Shares boom, investors’ choice
According to BSE Analytics data, this stock has gained 2300% in the last 5 years. On 12 September 2024, Suzalon’s stock reached 52-Veek High of Rs 86.04.
Now this stock has again come into the focus of investors. The leading brokerage firm Investec has started coverage on this and has given it a “shopping rating”. Investec estimates that by March 2027, the company’s revenue and net profit will increase by 55% and 66% respectively.
What is an estimate of brokerage?
Investec has given a target price of Rs 70 for Suzlon, which has once again come into the limelight.
