Suzlon Energy Ltd fell over 4 percent in Tuesday’s trade ahead of the company’s investor meet. The meeting was scheduled for later in the day, and the company had mentioned in a filing on November 16 that the event would be organized by JM Financial Institutional Securities Limited.
According to the filing, only the company’s presentation on the financials for the quarter and half-year ended September 30 would be discussed. The presentation was stated to be available on the website of Suzlon Energy and stock exchanges. Importantly, the company noted that no other unpublished price-sensitive information would be shared during the meeting.
JM Financial Institutional Securities recently initiated coverage on Suzlon Energy with a ‘Buy’ rating. Following Suzlon Energy’s Q2 results, the brokerage expected the company to achieve significant revenue and Ebitda growth over the FY23-26 period. The estimates were revised upwards based on factors such as healthy order inflow, better execution visibility, and an improving product portfolio. The brokerage maintained a ‘Buy’ rating on the stock with a revised target of Rs 37 per share, calculated based on a multiple of 25 times the September 2025 EPS.
