Shares of Suzlon Energy Ltd continue their upward trajectory, marking the seventh consecutive session of gains. The stock is currently trading at ₹67.83, up ₹2.85 or 4.39% today, building on a more than 20% increase since the announcement of its Q1 FY2025 results. A large block trade of Suzlon Energy Ltd shares was reported on the National Stock Exchange (NSE) at 09:43 AM. The transaction involved approximately 19,260,832 shares, valued at Rs. 67.95 each, totaling around Rs. 130.88 crores.
Suzlon stock performance:
Suzlon’s stock has shown a consistent upward trend over the past seven trading sessions. Starting from July 22, 2024, when it opened at ₹54.66, the stock has steadily climbed, trading at ₹68.13 on July 30, 2024. This represents a significant increase of about 24.6% in just over a week. The stock has hit new highs each day, with the most recent session seeing it touch ₹68.22. Trading volumes have been substantial, ranging from 47.8 million to 281.9 million shares per day, indicating strong investor interest. The stock’s resilience is evident from its ability to maintain higher closing prices despite intraday fluctuations, suggesting sustained buying pressure and positive market sentiment towards Suzlon.
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Jul 30, 2024 | 65.81 | 68.22 | 65.63 | ||
| Jul 29, 2024 | 62.95 | 64.98 | 62.38 | 64.98 | 97,886,927 |
| Jul 26, 2024 | 62.68 | 63.00 | 61.00 | 61.89 | 67,858,407 |
| Jul 25, 2024 | 62.29 | 63.75 | 60.80 | 61.47 | 170,325,709 |
| Jul 24, 2024 | 59.70 | 60.72 | 59.63 | 60.72 | 90,757,700 |
| Jul 23, 2024 | 57.20 | 57.83 | 54.00 | 57.83 | 281,887,693 |
| Jul 22, 2024 | 54.66 | 55.44 | 53.50 | 55.08 | 47,805,246 |
The renewable energy solutions provider reported impressive financial performance for the quarter ended June 2024, significantly surpassing year-on-year comparisons:
| Metric | Q1 FY2025 | YoY Change |
|---|---|---|
| Total Income | ₹2,021.59 crore | +49.64% |
| Operating Profit | ₹321.51 crore | +100.29% |
| Profit After Tax | ₹302.29 crore | +199.59% |
| Operating Margin | 15.90% | +33.85% |
Suzlon Q1 performance highlights:
- Despite a 7.95% sequential decline in total revenue compared to the previous quarter, Suzlon managed to boost its net income by 18.96% quarter-on-quarter to ₹302.29 crore.
- The company’s total operating expenses increased by 42.81% year-on-year to ₹1,700.08 crore, which was lower than the revenue growth rate.
- Diluted normalized EPS stood at ₹0.22, a 199.20% increase from the same quarter last year.
Investors seem pleased with Suzlon’s Q1 results. The company’s strong performance comes at a time when renewable energy is gaining more attention worldwide.
