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SUZLON ENERGY Gains 4%; BSE OIL & GAS Index Up 0.8%
Fri, 9 Aug 13:28

SUZLON ENERGY Gains 4%; BSE OIL & GAS Index Up 0.8%Image source: Ivcandy/www.istockphoto.com

SUZLON ENERGY share price has zoomed 4% and is presently trading at Rs 75.4.

Meanwhile, the BSE OIL & GAS index is at 31,777.2 (up 0.8%).

Among the top gainers in the BSE OIL & GAS index today are ONGC (up 2.3%) and Reliance Ind. (up 1.9%).

HPCL (down 3.3%) and GUJARAT GAS (down 2.0%) are among the top losers today.

Over the last one year, SUZLON ENERGY has moved up from Rs 18.7 to Rs 75.4, registering a gain of Rs 56.7 (up 303.9%).

On the other hand, the BSE OIL & GAS index has moved up from 18,945.7 to 31,777.2, registering a gain of 67.7% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 110.6%), GAIL (up 99.5%) and ONGC (up 90.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,705.0 (up 1.0%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.9%) and JSW Steel (up 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,361.3 (up 1.0%). Eicher Motor and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,705.0, registering a gain of 13,751.5 points (up 20.9%).

SUZLON ENERGY Financial Update...

SUZLON ENERGY net profit grew 199.6% YoY to Rs 3,023 million for the quarter ended June 2024, compared to a profit of Rs 1,009 million a year ago. Net sales rose 49.6% to Rs 20,216 million during the period as against Rs 13,510 million in April-June 2023.

For the year ended March 2023, SUZLON ENERGY reported 1837.3% increase in net profit to Rs 28,873 million compared to net loss of Rs 1,662 million during FY22. Revenue of the company fell 9.3% to Rs 59,705 million during FY23.

The current Price to earnings ratio of SUZLON ENERGY, based on rolling 12 month earnings, stands at 119.3.


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