Suzlon Energy Limited (SEL) is India’s largest renewable energy solutions provider with presence in 17 countries across six continents. The company is engaged in the business of design, development, manufacturing and supply of wind turbine generators (WTGs). The Company has a strong presence across the entire wind value chain with a comprehensive range of services to build and maintain the projects, which include design, supply, installation, commissioning of the project and dedicated life cycle asset management services. e a good recovery on wind installations. Wind capacity that came online was highest in Gujarat (647.4 MW), followed by Tamil Nadu (258.3 MW), Karnataka (192.3 MW) and Maharashtra (12.5 MW).
The stock is currently trading at around 35% below its 52 week high. The one year returns Vs NIFTY stands at -16.9% which is not very encouraging.
Mutual Funds have increased holdings from 0.07% to 0.22% in Dec 2022 qtr.
The market leader in this segment is Siemens Ltd. and next comes ABB India Ltd. which are currently trading at Rs. 3000+ each.
If you are looking for a penny stock, Suzlon is not a bad pick at its current level of Rs. 8 as a long-term investment option, but is not a stock that will give you roaring returns.
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