Suzlon Energy Share Price Target 2024: Power stocks hit fresh 52-week high; BUY, SELL or HOLD?

suzlon energy share price target 2024: power stocks hit fresh 52-week high; buy, sell or hold?

Suzlon share price target: Shares of Suzlon Energy have jumped around 4% to hit fresh 52-week high in the early morning trading session, Monday, June 24, against the previous day close at RS 53 per share. Around 12:27 PM, shares of Suzlon were trading at Rs 55.07 per share. Shares of Suzlon have given a return of 292.73% in the past one year.

Suzlon share price target 2024

Domestic brokerage firm ICICI Securities remains bullish on Suzlon Energy stocks. The brokerage firm in its earlier report has maintained 'buy' rating at the current market price of Rs 50 with a target price of Rs 60 per share.

Suzlon market cap

Suzlon has a market cap of Rs 74,617 per share on BSE. The stock's 52-week movement indicates a high of Rs 55.69 and a low of Rs 13.28. The stock has a face value of Rs 2 each.

Suzlon's FY24 performance

Suzlon's revenue for Q4 Fy24 stood at Rs 907.64 crore, against Rs 749.99 crore in Q3 Fy24. The net profit remained at Rs 24.17 crore, against net loss of -Rs 5.36 crore in Q3 FY24. The earning per share, which indicates the profitability of the company, stands at Rs 2.01 per.

Suzlon share price history

Suzlon is a multibagger stock as it doubled investor's wealth in the past few years. The stocks have gained 46.71% in the past six years. The two- and three-year returns of the stocks stood at 728.38% and 695.77%.

Dividend History of Suzlon Energy

Suzlon Energy has not declared any dividends in the past 16 years. The last dividend the company paid to its shareholders was in 2008 when it declared a cash reward of Re 1 per equity share.