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Suzlon Energy share price continued its winning trend during the morning trade on Monday. Suzlon share price today was trading at Rs 56.17, up 2.28% at around 9:54 am. Meanwhile, it has hit an intraday Rs 56.79 per share, up over 3% from Friday's closing price of Rs 54.92 on NSE. Continuing its rally for the sixth consecutive session during Monday morning deals, Suzlon shares have gained over 14 per cent in the last six sessions.

Suzlon Energy Share Price History

The shares of the energy sector stock 'Suzlon Energy' have picked up gaining momentum and have been on an upward trajectory for the last six trading sessions. After closing at Rs 49.71 on NSE on Friday, 28 February 2025, Suzlon share price rose in all trading sessions in March.

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The recent growth was primarily due to Suzlon Energy securing its third consecutive order from Jindal Green Wind 1 Pvt Ltd, making it the company's largest commercial and industrial (C&I) order to date. With this new deal, Suzlon's total order book has now reached 5.9 gigawatts (GW), the highest in its history.

Analyst Shows Bullish Sentiment

Despite the volatility, brokerages are bullish on Suzlon's long-term prospects. Investec recently issued a BUY rating with a target price of Rs 70, highlighting strong potential for revenue and profitability growth. The brokerage expects Suzlon's revenue to grow at a CAGR of 55% from FY24 to FY27, while profitability is expected to grow at a CAGR of 66%. Moreover, return on equity (ROE) is expected to touch 32% by FY27.

According to a Moneycontrol Hindi report, there are currently seven analysts covering Suzlon Energy stock, six of whom recommend buying it, while one suggests holding it. The highest target price for the stock is Rs 82, while the lowest is Rs 60, indicating an upside from current levels.

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Disclaimer: This is just a piece of news about recent development in shares. Jagran does not advise investing. Please take expert's opinion before investing. All the target calls were from the mentioned institutions only.