Suzlon Energy Share Price Jump 15% in 4 Days on Strong Order Book

Suzlon Energy share price has been on an upward trend for the fourth consecutive session. On Friday, March 7, the stock surged over 9% during intraday trading. It opened at ₹51.94, compared to its previous close of ₹52.13, and climbed to ₹56.94. By 11:50 AM, Suzlon was trading at ₹55.72, reflecting a 6.89% increase. Over the last 4 sessions, the stock has gained nearly 15%.

Why is Suzlon Energy’s Share Price Rising?

The stock has been rising since March 4, following Suzlon’s announcement of expanding its largest commercial and industrial (C&I) order with Jindal Renewables.

Suzlon secured a third order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables. This brings Suzlon’s total order capacity from Jindal Renewables to 907.20 MW, making it the company’s largest-ever C&I order.

Earlier, Suzlon had won 2 orders to supply 702.45 MW of wind energy to Jindal Steel’s plants in Chhattisgarh and Odisha. The company stated that C&I customers now contribute 59% of its total order book, which has reached a record-high 5.9 GW.

According to Suzlon’s CEO, JP Chalasani, the company is committed to helping industries decarbonise by providing sustainable energy solutions.

Suzlon Energy Share Price Trend

As of March 6, Suzlon share price had gained over 35% in the past year. The stock hit its 52-week high of ₹86.04 on September 12 and a 52-week low of ₹35.49 on March 14 last year.

However, since reaching its peak in September, the stock has faced a correction. From October to February, Suzlon’s share price dropped 38%, with monthly declines of 16% in October, 6% in November, 1% in December, 7% in January, and 14.5% in February.

According to media reports, the company’s order book is at an all-time high of 5.5 GW, which indicates a positive future outlook.

About Suzlon 

Suzlon is a leading global provider of renewable energy solutions. The company is fully integrated in wind turbine generator (WTG) manufacturing and is involved in installation, operations, and maintenance (O&M) for all its WTG sales. Its operations cover the design, development, and production of key components such as rotor blades, tubular towers, generators, control systems, gears, and nacelles. 

As of March 7, 12:27 PM IST, Suzlon Energy share price stands at ₹55.00, reflecting a gain of 5.57% or ₹2.90 for the day. The stock opened at ₹51.99 and reached an intraday high of ₹56.94, while the lowest price recorded was ₹51.60. Suzlon Energy has a market capitalisation of ₹74,930 crore, a price-to-earnings (P/E) ratio of 65.57, and does not currently offer a dividend yield. The stock’s 52-week high is ₹86.04, while its 52-week low is ₹35.50.

Conclusion

Suzlon Energy’s strong order book and growing demand for wind energy position it for long-term growth. Despite past corrections, the stock’s outlook remains positive.

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