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Suzlon Shares Take Flight: Analysts Eye Bullish 2024 Target Price

suzlon share price target 2024 : Analysts Bullish on 2024 Target Price (April 2, 2024)

suzlon share price target 2024 : Suzlon Energy continues its impressive run, with analysts offering a range of positive target prices for 2024. The stock, which has already seen a significant increase this year, is buoyed by the growing focus on renewable energy in India.

Market Optimism:

  • Brokerage firms like JM Financial and Anand Rathi have set target prices of Rs 54 and Rs 49 respectively, highlighting the company’s strong financial performance and potential for future growth.
  • Experts are bullish on the stock’s short-term prospects, with some predicting it could reach Rs 60 by the year’s end. This optimism stems from Suzlon’s recent turn to net-cash positive territory and the launch of new wind turbine models.

Government Support Fuels Growth:

  • Favorable government policies promoting wind energy adoption are seen as a major tailwind for Suzlon. Budget 2024 initiatives aimed at accelerating wind power installations further strengthen the company’s outlook.

Not Everyone Agrees:

  • While the overall sentiment is positive, some caution is advised. Investors should consider stop-loss strategies alongside potential gains.

Looking Ahead:

suzlon share price target 2024 : Suzlon’s share price is expected to remain volatile, but the long-term trajectory appears promising. The company’s ability to capitalize on India’s renewable energy push will be key to reaching its full potential in 2024 and beyond.

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