Add Suzlon Energy, target price Rs 80: ICICI Securities

ICICI Securities has add call on Suzlon Energy with a target price of Rs 80. The current market price of Suzlon Energy Ltd. is Rs 76.83.

Suzlon Energy Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 103616.21 Crore) operating in Power sector.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2044.35 Crore, down -7.39 % from last quarter Total Income of Rs 2207.43 Crore and up 50.13 % from last year same quarter Total Income of Rs 1361.68 Crore. Company reported net profit after tax of Rs 302.29 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 13.27 per cent stake in the company as of 30-Jun-2024, while FIIs owned 21.52 per cent, DIIs 6.7 per cent.