Buy Suzlon Energy, target price Rs 71: JM Financial

JM Financial has buy call on Suzlon Energy with a target price of Rs 71. The current market price of Suzlon Energy Ltd. is Rs 62.65.

Suzlon Energy Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 82783.90 Crore) operating in Power sector.

Suzlon Energy Ltd. key Products/Revenue Segments include Wind Turbine Generator, Sale of services, Other Operating Revenue, Scrap for the year ending 31-Mar-2023.



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 26.54 per cent stake in the company as of 30-Jun-2024, while FIIs owned 43.05 per cent, DIIs 13.4 per cent.