Update in Performance
Suzlon energy opened at ₹55 without any change vis-à-vis the previous close of ₹54.63. The stock fell to ₹54 and then again rose above ₹55.
The New Agreement
Suzlon Energy signed a new agreement with CESC-Calcutta Electric Supply Corporation. As per reports, the agreement pertained to energy and maintenance of the wind turbines. This could be a gigantic step for Suzlon.
Expert Recommendations
All the five analysts covering Suzlon have suggested buying the stock. At current levels, the stock is closer to its highest target price of ₹60, with ICICI Securities and Morgan Stanley at ₹58.5.
Investors looking for opportunities in the renewable energy sector may find Suzlon Energy’s recent activities encouraging. The company’s efforts to secure new deals suggest a proactive approach to increasing market share and improving financial health. For those already invested, this could mean better returns in the future as the company’s strategies start to pay off.
As Suzlon continues to navigate the renewable energy landscape, its proactive measures and new agreements could lead to more stable and promising performance in the stock market.
