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News Topical, Digital Desk : There is constant uncertainty in the stock market and the index is not reacting positively even to good news. In such a situation, experts are advising that for the time being, looking at the long-term signals, the correction coming in the market should be taken advantage of and money should be invested in stocks that are expected to grow. This week, investment advice has come in many stocks, which can be taken advantage of. During the week, different brokerage houses have advised to invest in Triveni Turbine, Phoenix Mills, JK Cements, SRF, Zydus Wellness. At the same time, advice has also been received on Suzlon Energy, which is trading at less than Rs 100. Take a look at what is the opinion of brokerage on Suzlon Energy
What is special in the report
Motilal Oswal has issued investment advice regarding the stock this week. A target of 80 has been given for the stock. The stock closed at 57.87 with a gain of about one percent on Friday. That is, the stock is expected to rise by 38 percent. Motilal Oswal said in the report released this week that recently he spoke to the group CEO JP Chalsani about the company, who reiterated his commitment to take the business forward. He said that the company will benefit from the government's emphasis on domestic manufacturing and making policies more positive for the solar sector in the future. At the same time, the management has expressed hope that the outlook for new orders will remain strong. The brokerage report said that they believe that the company's strong position in the domestic market and its own research and development will help the company take full advantage of the positive policies of the government.
How were the quarterly results The consolidated net profit of the company in the first quarter increased to Rs 324 crore from Rs 302 crore in the same quarter last year. The consolidated earnings of the company have also increased tremendously, which has increased from Rs 2,021 crore to Rs 3,132 crore. It has increased by about 55%. The EBITDA of the company also increased from Rs 368.3 crore to Rs 598.2 crore on an annual basis, while on the other hand the EBITDA margin increased from 18.2% to 19.1%.
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