Suzlon Energy Sees Significant Share Price Increase Amid Strong Market Performance
On Friday, Suzlon Energy shares experienced a notable rise of over 5%, reflecting robust activity in the Indian stock market and encouraging shareholding statistics for the upcoming March 2025 quarter. This growth signals a positive trend for the company, which is gaining traction among retail investors.
Retail Investor Growth
Recent data from the Bombay Stock Exchange (BSE) reveals that by the end of March, around 56.12 lakh retail investors, those holding shares valued at up to ₹2 lakh, owned stakes in Suzlon Energy. This is an increase from 54.09 lakh in December of the previous year.
- Retail investors now own 25.12% of Suzlon Energy, up from 24.49% at the close of December.
- Foreign portfolio investors (FPIs) have maintained their stake at approximately 23%.
- Conversely, domestic mutual funds have slightly reduced their stake to 4.17% from 4.44% in December.
Suzlon’s Share Price Dynamics
Despite some selling pressure leading to a 40% decline from its 52-week high on September 12, 2024, Suzlon’s share price is still up 23.84% over the past year. However, this growth falls short of the sector’s 32.22% increase, as reported by Trendlyne. Over the past three years, the stock has remarkably surged by over 300%, rewarding long-term investors with substantial returns.
According to Rajesh Bhosale, an Equity Technical and Derivative Analyst at Angel One, the stock has been fluctuating between ₹48 and ₹60. He notes that while the broader market has shown strength, Suzlon’s prices remain relatively flat in current trading. "A decisive move past ₹48-60 is crucial for the next momentum shift," Bhosale stated.
Technical Analysis Insights
Anshul Jain, Head of Research at Lakshmishree Investment and Securities, highlighted that Suzlon’s share price is forming a 48-day rectangle pattern, with key boundaries at ₹48 and ₹60. The recent failed breakdown below the lower boundary suggests a classic shakeout, which may indicate that stronger investors are accumulating shares.
- Jain mentioned, "Currently trading in the middle of this range, a breakout above ₹54 could propel the stock towards the higher end, potentially reaching ₹59-₹60, presenting a lucrative swing trading opportunity."
Impressive Q3 Results for Suzlon
In its latest earnings report, Suzlon Energy revealed a staggering 91% surge in consolidated net profit, amounting to ₹388 crore for the December quarter. This remarkable growth is attributed to an increase in revenues, with net revenue rising to ₹2,969 crore, up from ₹1,553 crore year-over-year. The company also achieved a record quarterly delivery of 447 MW during the October-December 2024 period.
In summary, Suzlon Energy is positioning itself strongly within the renewable energy sector, backed by increasing retail investor interest and solid financial performance. The stock’s future trajectory looks promising as investors keep a close eye on price movements and market conditions.
For more updates on stock performance, check out our coverage on Tata Steel’s transformation plan and Muthoot Finance’s recent challenges.
