New Delhi: Suzlon share price has surged 14 per cent in the last one month after falling during the market ‘correction’. The Wind Energy stock jumped to around 86 per equity share in September. However, the counter fell from there on and started its recovery after mid-November.
Suzlon stock has given bumper returns to its investors in the last few years. Suzlon shares are very popular among the retail investors in the stock market. Commenting on the future of Suzlon share price, senior technical analyst Brijesh Singh said that Suzlon stock’s chart looks positive.
The market expert said Suzlon share price’s 52-week high is Rs 86 and since then profit booking was recorded which led the stock to go down to Rs 53. However, the stock is again on the radar of the investors and buying is being recorded.
Singh further said that from a short term point of view, Rs 64 is a good support and this should not be a break. He advised the long term investors to maintain a Stop Loss of Rs 57. He predicted the stock to surge to the levels of Rs 80 to Rs 82 in the short term. The counter can hit a high level of up to Rs 107 in the long term, the expert added.
What are the results of Suzlon Energy Q2?
In its Q2 Results of 2024-25, Suzlon reported its consolidated net profit almost doubled to Rs 201 crore as compared to Rs 102 crore in the second quarter of 2023-24. The Renewable energy solutions provider’s total income increased to Rs 2,121.23 crore as against from Rs 1,428.69 crore in the July-September quarter of the previous financial year.
Market expert Brijesh Singh gave a Buy rating on Suzlon Energy share. The expert said that Suzlon share price can reach 80-82 level in the short term and 107 in the long run. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
