Latest news with #SuzlonEnergy
Mint
20 hours ago
- Business
- Mint
Suzlon Energy share price in focus on rating upgrade. Check details
Suzlon Energy share price traded lower on Wednesday, despite a bullish trend in the broader Indian stock market today. Suzlon Energy shares fell as much as 1.31% to ₹ 61.02 apiece on the BSE. The renewable energy player, Suzlon Energy said it has received a credit rating upgrade from CRISIL and a fresh rating assignment from ICRA. CRISIL has upgraded Suzlon's long-term rating to 'CRISIL A+ / Stable' from 'CRISIL A / Positive', while maintaining its short-term rating at 'CRISIL A1'. The total amount of bank loan facilities assigned a rating by CRISIL has been increased to ₹ 5,685 crore, up from the previous ₹ 3,050 crore. In addition, ICRA has provided a long-term rating of [ICRA]A+ (Stable) and a short-term rating of [ICRA]A1 for Suzlon's bank loan facilities totaling ₹ 2,635 crore. Suzlon Energy announced last month that it has received its third consecutive order from AMPIN for a 170.1 MW wind energy project located in Kurnool, Andhra Pradesh. Under this agreement, Suzlon will provide 54 of its advanced wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each capable of producing 3.15 MW of power, according to a company statement. The work involved encompasses complete project execution, which includes equipment supply, installation, commissioning, and long-term operations and maintenance services. The total orders from AMPIN Energy now amount to 303 MW. Vivek Srivastava, Chief Executive Officer of India Business at Suzlon Group, stated that the three orders from AMPIN demonstrate the strength of a shared mission. We are collectively dedicated to achieving a self-reliant, affordable, and sustainable energy future by combining innovation, local manufacturing, and extensive sector knowledge to support the decarbonization of India's power distribution system. Suzlon Energy announced a nearly five-fold increase in its consolidated net profit, reaching ₹ 1,181 crore for the March quarter, primarily driven by higher revenues. According to a BSE filing, the company reported a consolidated net profit of ₹ 254 crore for the quarter that ended in March 2024. Its total revenue rose to ₹ 3,825.19 crore in the quarter, compared to ₹ 2,207.43 crore from the same period last year. For the fiscal year 2024-25, the consolidated net profit increased to ₹ 2,072 crore, up from ₹ 660 crore in the previous financial year. The total revenue for the fiscal year grew to ₹ 10,993.13 crore, compared to ₹ 6,567.51 crore in the same period last year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
6 days ago
- Business
- Economic Times
LIC's Rs 15 lakh crore portfolio shakeup: Defence stocks in, retail darlings Suzlon, Vedanta out
Life Insurance Corporation of India (LIC), India's largest domestic institutional investor, controlling a staggering Rs 15.5 lakh crore equity portfolio, has pared stakes in 81 companies during the June quarter while strategically adding four PSU defence stocks. ADVERTISEMENT LIC has reduced positions in popular retail favorites, including Suzlon Energy, Reliance Power, and Vedanta - stocks that have been darlings of small investors despite their volatile performance. The insurance giant's current portfolio now spans 277 stocks, as shown by data collated from ACE Equity. LIC's most notable new additions reveal a clear defence sector bet, with the PSU insurer taking fresh stakes in Mazagon Dock Shipbuilders (3.27% holding worth Rs 3,857 crore), while increasing positions in established defence names. The insurer boosted its stake in Cochin Shipyard by 13 basis points to 3.05%, Bharat Electronics by 10 basis points to 1.99%, and Hindustan Aeronautics Limited (HAL) by 5 basis points to 2.77%. Defence stocks have been in focus for most of 2025 amid geopolitical tensions in various parts of the world, India's increased defence spending after Operation Sindoor, the government's indigenisation focus, and NATO's defence spending the last six months, the Nifty India Defence index is up 34% with PSU shipbuilder GRSE shares leading the rally with 71% returns. ADVERTISEMENT Also Read | Mutual funds cut Rs 1,700 crore exposure in 9 defence stocks. Too expensive to buy or smart exit? Beyond defence, LIC significantly ramped up exposure to technology and financial services. The insurer increased its Infosys stake by 43 basis points to 10.88% (now worth Rs 63,400 crore), while adding 48 basis points to HCL Technologies, bringing its holding to 5.31% valued at Rs 21,900 crore. ADVERTISEMENT In a bold move, LIC boosted its Jio Financial Services position by 55 basis points to 6.68%, signaling confidence in Mukesh Ambani's financial services venture. The insurer also increased Tata Motors' exposure by 74 basis points to 3.89%, betting on the automotive giant's electric vehicle transition. LIC's banking portfolio witnessed selective repositioning, with the insurer reducing heavyweight positions while backing select PSU banks. HDFC Bank saw a 30 basis point reduction to 5.45%, while ICICI Bank was trimmed by 42 basis points to 6.38%. ADVERTISEMENT However, Bank of Baroda benefited from a 61 basis point increase to 7.51%, while Canara Bank received a 13 basis point boost to 5.85%, indicating LIC's preference for PSU banking exposure. Also Read | The great Adani bet: Mutual funds & LIC are buying what GQG, FIIs are selling ADVERTISEMENT The most dramatic moves came in LIC's booking profits in some of the favorites of retail investors. Reliance Power, a multibagger stock beloved by small investors, saw its LIC holding reduced by 13 basis points to 2.43%. Vedanta faced a 21 basis point cut to 6.69%, while Suzlon Energy saw a 1 basis point MotoCorp witnessed the largest single reduction, with LIC slashing its stake by 531 basis points to 6.53%. Other reductions were Navin Fluroine, Divi's Labs, Marico, Apollo Hospitals, Eicher Motors, JSW Energy, Kotak Mahindra Bank, Bharti Airtel, and SBI. LIC's largest holding remains Reliance Industries (RIL) at Rs 1.3 lakh crore (6.93% stake), which saw a 19 basis point increase, reaffirming the insurer's faith in India's largest conglomerate. ITC retained its position as the second-largest holding at Rs 82,200 crore (15.8% stake) with a 28 basis point top 10 holdings account for over Rs 6 lakh crore of LIC's portfolio, with HDFC Bank (Rs 68,600 crore), State Bank of India (Rs 66,300 crore), and Larsen & Toubro (Rs 64,100 crore) completing the largest individual stock moves, LIC's portfolio reshuffle reveals clear sectoral preferences. The insurer added positions in renewable energy through IREDA (2.21% fresh stake), infrastructure via increased RVNL exposure (22 basis points to 6.06%), and consumer goods through Patanjali Foods (148 basis points increase to 9.14%).With equity markets at record highs, the insurer's selective approach suggests a more cautious stance on valuations while maintaining exposure to long-term India growth themes. (Data: Ritesh Presswala) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
21-07-2025
- Business
- Mint
Mutual funds boost holding in Suzlon Energy to an all-time high in June quarter
Mutual funds increased their bets on Suzlon Energy in the June quarter, as the latest shareholding data reveals that domestic fund houses collectively picked up an additional 1.07% stake in the wind energy company during the period. As of the end of June 2025, 30 mutual funds collectively held a 5.24% stake in Suzlon Energy, equivalent to 7.18 crore shares. This marks a notable increase from 4.17% at the end of the March quarter and 3.82% in Q1FY25, according to BSE shareholding data. The data also shows that Motilal Oswal Midcap Fund now holds a 1.03% stake in the company—a new addition, as the fund had no holdings in Suzlon at the end of March. Meanwhile, the Life Insurance Corporation of India (LIC) continues to hold a 1.02% stake. Retail investors also slightly increased their holdings by 0.1% to 55.1%, while promoters trimmed their stake to 11.7% from 13.3% in Q1FY25. Suzlon has remained on investors' radar in recent months due to positive brokerage views and multiple orders. Motilal Oswal, for instance, recently issued a 'buy' rating with a target price of ₹ 82 per share. The brokerage's optimism is driven by the expected adoption of the Revised List of Models and Manufacturers (RLMM) local content draft notification by Q2FY26, strong order prospects, the gradual phase-out of the ISTS waiver over the next four years, and an increasing share of EPC projects in the order book. Discussions with industry participants suggest that the RLMM notification—mandating local content in key wind turbine components—is likely to be formally implemented in Q2FY26. Motilal Oswal believes that Suzlon is well-positioned to benefit from favorable regulatory developments, a growing order book offering strong revenue visibility, and operational gains through proactive land acquisition and EPC expansion. Earlier, Anand Rathi also noted that Suzlon's 5.6 GW order book, which is 3.6x its FY25 execution volume, provides long-term growth visibility and ensures a steady pipeline of projects. It also reinitiated coverage with a 'buy' rating and a target price of ₹ 81 apiece. Despite these positive projections, the stock has come under pressure in recent months due to broader market weakness, declining 12% from its recent highs. However, Suzlon remains a strong long-term performer, with shares rising 277% over the past two years and over 1,200% in the last five years. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
11-07-2025
- Business
- Mint
Suzlon Energy share price gets another bullish target as Motilal Oswal sees it rising to ₹82
Suzlon Energy continues to stay on analysts' radar as brokerage firm Motilal Oswal reiterated its positive outlook on multibagger renewable energy stock Suzlon Energy with a 'buy' rating with a target price of ₹ 82 apiece. This comes just days after Anand Rathi also projected a similar target of ₹ 81 apiece, as it reinitiated coverage with a 'buy' rating. The brokerage's positive outlook on the stock stems from the expected adoption of the RLMM local content draft notification by Q2FY26, strong order prospects, the gradual phase-out of the ISTS waiver over the next four years, and a rising share of EPC projects in the order book. According to brokerage discussions with players in the wind industry, the Revised List of Models and Manufacturers (RLMM) notification mandating local content for key wind turbine components is likely to be formally adopted in Q2FY26. It also added that contract awards for approximately 1.5 GW of NTPC orders are expected soon, where Suzlon is seen as a strong contender. The brokerage further highlighted that the share of EPC (engineering, procurement, and construction) projects in Suzlon's overall order book is likely to rise from around 20% currently to about 50% in the medium term, improving execution visibility. Moreover, with the tax rate set to kick in from the second half of FY27, the brokerage believes Suzlon is likely to resort to debt—primarily for working capital needs—thereby enhancing balance sheet efficiency and sustaining returns on equity (RoEs). The brokerage believes that the company stands to benefit from regulatory tailwinds mandating local content, a robust and growing order book that ensures strong revenue visibility, and operational improvements driven by proactive land acquisition and EPC expansion initiatives. Earlier, Anand Rathi noted that Suzlon's order book of 5.6 GW, which is 3.6 times its FY25 execution volumes, offers strong long-term growth assurance and ensures a steady project execution pipeline. After maintaining a steady upward trend between March and May, Suzlon Energy share price has come under pressure in recent months, amid broader weakness in the Indian stock market. Suzlon Energy stock declined 5.3% in June and has fallen another 3% so far in July. However, it remains a strong long-term performer, with Suzlon Energy shares rising 277% over the past two years and over 1,200% in the last five years.
Mint
11-07-2025
- Business
- Mint
Suzlon Energy share price gets another bullish target as Motilal Oswal sees it rising to ₹82
Suzlon Energy continues to stay on analysts' radar as brokerage firm Motilal Oswal reiterated its positive outlook on multibagger renewable energy stock Suzlon Energy with a 'buy' rating with a target price of ₹ 82 apiece. This comes just days after Anand Rathi also projected a similar target of ₹ 81 apiece, as it reinitiated coverage with a 'buy' rating. The brokerage's positive outlook on the stock stems from the expected adoption of the RLMM local content draft notification by Q2FY26, strong order prospects, the gradual phase-out of the ISTS waiver over the next four years, and a rising share of EPC projects in the order book. According to brokerage discussions with players in the wind industry, the Revised List of Models and Manufacturers (RLMM) notification mandating local content for key wind turbine components is likely to be formally adopted in Q2FY26. It also added that contract awards for approximately 1.5 GW of NTPC orders are expected soon, where Suzlon is seen as a strong contender. The brokerage further highlighted that the share of EPC (engineering, procurement, and construction) projects in Suzlon's overall order book is likely to rise from around 20% currently to about 50% in the medium term, improving execution visibility. Moreover, with the tax rate set to kick in from the second half of FY27, the brokerage believes Suzlon is likely to resort to debt—primarily for working capital needs—thereby enhancing balance sheet efficiency and sustaining returns on equity (RoEs). The brokerage believes that the company stands to benefit from regulatory tailwinds mandating local content, a robust and growing order book that ensures strong revenue visibility, and operational improvements driven by proactive land acquisition and EPC expansion initiatives. Earlier, Anand Rathi noted that Suzlon's order book of 5.6 GW, which is 3.6 times its FY25 execution volumes, offers strong long-term growth assurance and ensures a steady project execution pipeline. After maintaining a steady upward trend between March and May, Suzlon Energy share price has come under pressure in recent months, amid broader weakness in the Indian stock market. Suzlon Energy stock declined 5.3% in June and has fallen another 3% so far in July. However, it remains a strong long-term performer, with Suzlon Energy shares rising 277% over the past two years and over 1,200% in the last five years. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
