Suzlon Energy Share price has gone down by 4.36%. It is now priced at Rs 56.80 which is Rs 2.59 down from previous day. Investors should hold, buy or sell share? Here you will get and market trend and analysis of Suzlon Energy.
Suzlon Energy Performance Today
On November 13 Suzlon Energy shares started at Rs 58.00 and touched a high of Rs 59.28. But it also fall down to Rs 56.57. Current trading volume is over 56 millions. It shows investors attraction despite of downtrend in market.
Recent News on Suzlon Energy Shares
➥ Recently Suzlon Energy has managed to grab a Rs 1000 Crore worth project for clean wind energy.
➥ The Company is looking into debt burden and working on new strategies to reduce debt by selling assets and re financing.
➥ Current market analysis shows chances of recovery as previously 52 week high hit Rs 86.04.
Pros and Cons of Suzlon Energy Share
Before investing in any share investors should know about current financials, pros and cons about the company. So here are the pros and cons of Suzlon Energy.
Pros
- Securing New contracts for future revenue with a strong order book.
- The focus on renewable energy increased with global sustainability trends kept in mind.
Cons
- The Company have high P/E ratio which raises overvaluation concerns.
- although profit doubled from last year, recent profits are on down trend suggesting uncertainty with investors
Recommendation on Suzlon Share buy or Sell
Seeing current market situations and financial performance of the company investors should hold shares. Because recently it has won new contracts which shows positive indicator for the company. Equity Pandit also insists on holding Suzlon Energy shares with a target price of Rs 65.
Money Control suggests to sell to shares as the price may go down more and hit Rs 54 mark. Whereas Business Standard advice applying buy strategy as share is expected to hit Rs 60 with a target price of Rs 70 seeing future plans.
Disclaimer: This article is for information purposes only and doesn’t constitute financial advice. Investors should do their own research before investing in Suzlon Energy Share.
