Suzlon Energy share price rises 3% after Q4 results. Experts say buy now
New Delhi, May 26 -- Suzlon Energy's share price rose 3% in intraday trade on Tuesday, 26 May, a day after reporting its March quarter earnings. Suzlon Energy shares opened at Rs.53.75 against their previous close of Rs.53.88 and rose to an intraday high of Rs.55.49, looking set to extend gains for the fourth consecutive session.
The power stock jumped over 40% in April, snapping its five-month losing streak. For May so far, it is flat.
Suzlon's Q4 results were mixed. While profit fell year-on-year, revenue saw a solid growth of 45%. EBITDA also clocked a healthy gain, but the margin remained weak.
On Monday, 25 May, it reported a 5.74% year-on-year (YoY) decline in its consolidated profit to Rs.1,114.35 crore for Q4FY26. However, on a...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.