Suzlon Energy may see a massive block deal in the coming week — with promoters expected to sell around 20 crore shares for Rs 1,300 crore. The BSE 100 company is expected to execute the block deal at a discount of 2% from the current market price. The update comes days after the company reporting a nearly five-fold jump in net profit while announcing Q4FY25 results.
According to a CNBC Awaaz report, the promoters are expected to sell 20 crore shares through block deals on Monday to raise around Rs 1300 crore. The transaction is likely to be executed in the block deal window with shares being offered at a discount of up to 2% of the current market price. Motilal Oswal is believed to be the sole broker for the transaction. It is however pertinent to note that the company has not yet issued any official notice or clarification about the deal.
Shares of the company advanced 0.28% on Friday to closed at Rs 66.96 on the NSE. Brokerages have now set a target price of Rs 83 for the stock following strong Q4FY25 earnings and a consequent rally.
The energy solutions provider recently reported a nearly five-fold jump in consolidated net profit (to Rs 1,181 crore) for the March quarter. The total income rose to Rs 3,825.19 crore in the quarter (from Rs 2,207.43 crore a year ago) and to Rs 10,993.13 crore for the fiscal (up from Rs 6,567.51 crore in the year-ago period). A BSE filing indicated that the company had reported a consolidated net profit of Rs 254 crore in the quarter ended March 2025.
Motilal Oswal now sees a nearly 27% upside in the share price with a target of Rs 83 per share. The brokerage reiterated its ‘buy’ call after the results and expects FY27 “earnings growth around 35x — given execution and earnings are just picking up for Suzlon”.
Meanwhile Nuvama remained positive over the long-term but maintained its ‘hold’ recommendation. The financial services company sees limited upside in the immediate term and outlined a target price of Rs 68 per share. The agency also tweaked the FY26 and FY27 earnings estimates higher by 5–7% on strong guidance for sales growth.
(With inputs from agencies)