Suzlon Share Price

Suzlon Share Price: Up 4.18% to ₹22.40

The Suzlon Share Price closed at ₹22.40 on the BSE on August 27, 2023, up 4.18% from the previous close of ₹21.50. The stock has been on an upward trend in recent months, rising by about 17.89% in the last 1 month. It is currently trading above its 200-day moving average, which is a bullish indicator.

JM Financial has initiated coverage on Suzlon Energy with a “Buy” rating and a September 2024 target of Rs 30 per shares. The brokerage firm cited industry tailwinds, a deleveraged balance sheet and a robust order book as reasons for its positive outlook on the stock.

The positive sentiment in the stock is likely due to a number of factors, including:

- The growth of the renewable energy sector in India and other emerging markets.

- The company’s ability to reduce its debt and improve its profitability.

- The launch of new products and services.

- Competition from other renewable energy companies.

The growth of the renewable energy sector is a major driver of the positive sentiment in Suzlon shares. The Indian government has set ambitious targets for renewable energy deployment, and the company is well-positioned to capitalize on this growth.

Suzlon Energy has also been working to reduce its debt and improve its profitability. The company has made significant progress in this area, and its debt-to-equity ratio has been declining steadily.

The company has also launched a number of new products and services in recent months. These include new wind turbines, solar panels, and battery storage systems. These new products are expected to help the company grow its market share in the renewable energy sector.

The competition from other renewable energy companies is a key risk factor for Suzlon Energy. However, the company has a strong brand and a track record of innovation. This should help it to compete effectively in the market.

Overall, the Suzlon Share Price is a good investment for investors who are looking to gain exposure to the renewable energy sector. However, it is important to do your own research before investing.

Here are some other factors to watch for in the coming months:

- The company’s ability to secure new orders.

- The progress of its debt reduction plan.

- The launch of new products and services.

- The impact of government policies on the renewable energy sector.

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