Suzlon Group stands at the forefront of the renewable energy sector, redefining how sustainable energy sources are harnessed worldwide. With a presence in 17 countries spanning Asia, Australia, Europe, Africa, and the Americas, Suzlon is dedicated to powering a greener tomorrow. Their expertise in renewable energy systems, backed by cutting-edge research and development, has earned them a reputation for delivering robust and reliable products that maximize performance, yield, and return on investment for their customers.
Suzlon’s Stock Performance:
Suzlon has seen a significant increase in its stock price, surging by over 250% in the last six months, reaching new record highs. However, the article raises the question of what would happen if the stock were to fall back to its 52-week low of ₹6.60, which it reached on October 13, 2022.
Investment Scenario:
If you invest ₹10,000 in Suzlon at the current market price of ₹29.10 per share, you would be able to buy approximately 343 shares of the company.
Potential Loss:
If the stock were to slump to its 52-week low of ₹6.60, the value of your 343 shares would reduce to around ₹2,263. This represents a significant loss from the initial ₹10,000 investment.
Background on Suzlon:
The article mentions that Suzlon’s recent stock performance is backed by the company’s financial performance. Its revenues have increased from ₹3,000 crore in FY20 to ₹5,940 crore in FY23. Additionally, the company has returned to positive territory in terms of Profit After Tax (PAT) before exceptional items. Suzlon has also effectively managed its debt, with a decrease in both gross and net debt.
Orders and Projects:
Suzlon has been securing new orders, such as a recent order to develop 29.4 megawatts of wind-installed capacity for a 100-megawatt co-located wind-solar hybrid project.
Current Share Price:
At the time of the article, Suzlon’s share price was trading at ₹29.20.
Please note that investing in stocks carries risks, and stock prices can be volatile. The article provides a hypothetical scenario based on historical stock performance but does not provide financial advice. It’s essential to conduct thorough research and consider your risk tolerance before making investment decisions.
