Suzlon Energy Share Price/ Suzlon Share Price Updates 10 Sep 2024: Suzlon Energy shares hit upper circuit on securing order from NTPC

Suzlon share price closing figures: Suzlon Energy stock ends Tuesday’s trade at its upper circuit

Suzlon shares closed 4.99% higher on the NSE and BSE at ₹78.05.

Suzlon shares trade at its upper circuit on the NSE (₹78.05) as at 3 pm.

Suzlon shares continue to trade at its upper circuit on the NSE at ₹78.05, higher by 4.99% as at 2.20 pm.

Suzlon share price today live: Suzlon stock locked in upper circuit 

Suzlon shares hit the upper circuit at ₹78.05 on the NSE, higher by 4.99% as at 12.59 pm.

Suzlon’s total market cap is at ₹1,06,365.23 crore.
(NSE data)

Suzlon shares were up 4.90% on the NSE, trading at ₹77.98 as at 12.05 pm.

Suzlon shares gained 4.86% on the NSE, trading at ₹77.95 as at 11.40 am.

Suzlon’s order win: Suzlon bags country’s biggest order for wind turbines from NTPC

Suzlon Energy today announced that it has bagged an order for wind turbines worth 1,166 MW – the country’s biggest – from NTPC Green Energy Ltd (NGEL), a subsidiary of the public sector energy behemoth, NTPC. 

While Suzlon has not disclosed the value of the order, the going price of a wind turbine in the market is around ₹6 crore, a MW.

This takes Suzlon’s cumulative order book close to 5 GW. 

This follows Suzlon recently qualifying in terms of net worth and other criteria, to participate in NTPC (and other PSU) tenders. 

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Suzlon Energy share price update: Shares of Suzlon Energy trades 4% higher

Suzlon shares rose 4.14% on the NSE, trading at ₹77.42 as at 9.56 am.

Suzlon Energy share price closing figures: Suzlon shares closed 1.38% lower on Friday 

Suzlon Energy shares closed at ₹74.95 and at ₹74.98 on the NSE and BSE, respectively, down by 1.38% each.

Suzlon Energy shares outlook as at 3 pm

Suzlon Energy shares declined 1.84% on the NSE, trading at ₹74.60 as at 3.04 pm.

On the BSE, the stock was down 1.55% at ₹74.82

Stock market live updates: Sensex, Nifty fall over 1%

BSE Sensex plunged 1019.17 pts or 1.24% to trade at 81,181.99 as at 2.19 pm, and Nifty 50 fell 295.20 pts or 1.17% to 24,849.90.

Suzlon shares were up by 1.14% on the NSE, trading at ₹75.13 as at 2.12 pm.

Stock market live updates today: Sensex plunged 1000 pts at around 1.05 pm

Suzlon Energy shares declined 1.86% on the NSE, trading at ₹74.59 as at 1 pm.

Suzlon Energy stock outlook as at 12 noon

Shares of Suzlon Energy stock declined 1.45% on the NSE to trade at ₹74.90 as at 12.12 pm.

On the BSE, the stock was down 1.49% to trade at ₹74.87.

Suzlon Energy stock in focus | Sale of corporate office; a value-accretive step: JM Financial 

Considering Suzlon’s increasing order book and the project sites, the decision to sell its large corporate office space appears both strategic and working-capital friendly. With the shift away from owning such extensive office facilities and planned sub-leasing of the property is likely to help the company in mobilizing more working capital for enhanced execution. The transaction, valued within the current market range of INR 7,500 to INR 9,500 per square foot in Pune’s Hadapsar area, seems fairly priced with annual rent under the lease of c. INR 450-500 mn (JMFe). With the company paying annual rent that is about 12% of the sale consideration, compared to FY24 ROE of 28%, investing in its core business is value-accretive. Overall, we view this transaction positively, recognizing its potential to strengthen Suzlon’s financial position and operational performance amid favorable market conditions and effective asset-light strategy.

Suzlon shares declined 1.03% to trade at ₹75.22 on the NSE as at 11 am.

Suzlon Shares in Focus: Suzlon Energy stock declines 1.51%

Shares of Suzlon Energy declined 1.51% on the NSE, trading at ₹74.85 as at 10.42 am.

Stock market today: Markets trade lower on Friday

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Suzlon Energy Ltd in news

Renewable energy solutions provider Suzlon Group had monetised non-core assets worth Rs 440 crore. This move is part of Suzlon’s broader growth strategy of becoming asset-light and unlocking capital for growth to fund execution of its expanding order book with internal resources, a company statement said. Suzlon Group also announced disinvestment of its corporate headquarters One Earth. This sale and leaseback arrangement will not impact Suzlon’s operations, it said.

Suzlon Energy stock outlook on Friday’s early trade

Suzlon Energy shares traded flat on the NSE at ₹75.63 as at 9.52 am.