00:00Suzlon Energy has recently received an order related to India's largest energy so far.
00:10We got to see a leap again in Suzlon's shares, which are constantly flying.
00:15And this order is not only a big achievement for the company, but can also prove a milestone in the energy sector of the country.
00:22What is this order and how will it affect Suzlon's future?
00:26Let's find out how the shares are trading today in this video.
00:29Actually, Suzlon Energy has received an order of 1166 MW from NTPC Green Energy Limited, which is the largest wind energy order so far.
00:39Suzlon Energy will install a total of 370 wind turbine generators, which will include a hybrid lattice tubular tower and 3.15 MW capacity turbines.
00:50Suzlon has purchased 51% of Renom Energy, which has made it a subsidiary of the company.
00:56This deal is under the strategy related to the development of the company.
01:00Now, the brokerage firm has also increased the target.
01:03If we talk about ICICI securities, then the target price of Suzlon Energy has been increased to Rs. 80, which was Rs. 70 earlier.
01:12Along with this, the company's ad rating has also been made.
01:15And the reason for this is that Suzlon is selling its non-core assets to meet its capital needs, which is strengthening the company's financial health.
01:24In addition to this, JM Financial also says that the company has sold its corporate office Suzlon One Earth at a good price.
01:31And this will strengthen the company's knowledge and capacity to work.
01:35With this, the company will have more working capital to complete the project.
01:39So, in this way, the brokerage firm has advised to buy the share and has also increased the target price.
01:45You should know that Suzlon Energy's shares have recorded a growth of 95% so far this year, which is well ahead of Nifty's 16% return.
01:53In the last 12 months, Suzlon's shares have increased by 213%, which is a big achievement for investors.
02:00If we talk about the company's shares today, then after this deal, Suzlon's shares have become a rocket.
02:07Due to profit-making, the price has become a little soft, and at present, it is at a price of Rs. 75 with an increase of 0.36% on BSE.
02:15In the intraday, it reached Rs. 177.18 with a 3.28% jump.
02:20On August 13, 2024, it was at a high of Rs. 84.40 per annum, and from this level, it is currently at an 11% downside.
02:29Now let's know what Suzlon does.
02:33Suzlon is the largest manufacturer of wind power turbines in India, and a large part of the total wind energy capacity established in the country has been installed by this company.
02:43Suzlon manufactures wind turbines with different capacities and is capable of operating in different air conditions.
02:51In addition, Suzlon also establishes and operates a wind park.
02:55Suzlon's presence is not only limited to India, but also in other countries such as America, Europe, Australia, and South Africa.
03:03Suzlon has received a very big order, after which the company's share has become a rocket again, and the brokerage firm has also increased its target price.
03:13What do you think about Suzlon Energy's share? Do tell us by commenting.
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