The brokerage said it is an earning stock, having returned 76% in one year.

New Delhi. Are you looking for a stock that will not only protect your investment but also multiply it? If your answer is yes, then Sterling & Wilson Renewable Energy Shares may be the best investment option for you. Globally, the demand for solar energy is continuously increasing and the Indian government has also taken several initiatives to promote this sector. Sterling & Wilson, being a leading solar energy company, is directly benefiting from this growing demand. This is the reason why Sterling & Wilson’s share price has increased by 76% in the last one year. Brokerage firm Anand Rathi has given a buy recommendation on the stock. The brokerage estimates that this stock can give investors up to 30% returns in the near future.

In the last trading session, i.e. Friday, the shares of Sterling & Wilson saw an increase of 1.55% and the stock closed at ₹ 672.85 on BSE. With this addition, the company’s market cap has grown to ₹15,702 crore. The stock has a 52-week high of ₹828 and a 52-week low of ₹253.45. The company has recently shown significant improvement in its quarterly results, with increased profits and reduced debt. This shows that the company is in a strong financial position. The order book of the company is quite strong which indicates that the company has plenty of work ahead.

Also Read – This Public Company Is Giving Additional Shares, If You Buy Shares By This Date, It Will Benefit.

What is the target price?
Brokerage firm Anand Rathi expects Sterling & Wilson shares to rise. The brokerage rated the stock ‘Buy’ and set a target price of Rs 870 in its research report dated August 29, 2024. This is about 30% higher than the current price. “Globally, renewable energy capacity grew to a record 507 GW in 2023, up 50% year-on-year. India is expected to reach 500 GW by 2030 (FY. 192 GW) of capacity by the end of 2024, which will benefit EPC companies. “Sterling & Wilson is a pure play global solar EPC and O&M service provider,” the brokerage said The increase will benefit the company.

The company turned from loss to profit in the first quarter.
Sterling & Wilson has reported a net profit of ₹4.83 crore in the June quarter. It had posted a net loss of ₹95.32 crore in the same period last year. The company’s total revenue rose to ₹927.89 crore from ₹522.35 crore in the same quarter a year ago. Expenses during the quarter stood at ₹913.23 crore, as against ₹617.68 crore a year ago.

(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).

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