Mumbai: After the correction in the stock market in October-November, the equities are bouncing back. Similar recovery is being seen in Suzlon Energy and NHPC shares. Both the ‘multibagger’ stocks are quite popular among retail investors. Market expert Anshul Jain spoke to Money9 and expressed his views on the target prices of both the counters.
Suzlon stock has turned out to be a multibagger as it has jumped over 70 per cent in the last one year and nearly 3300 per cent in the past 5 years. Meanwhile, NHPC has gained 37 per cent in the last one year.
Suzlon share price target
The market expert said that Suzlon share price has now started making sideways movement to a large extent. He added that the renewable energy stock is hovering at around Rs 65 and sustaining. If the sideways move in the stock continues, then it can go around Rs 72.
If Suzlon shares close below Rs 65, then you should exit. If it goes up to Rs 72, a breakout may be seen and the stock may appreciate to the level of Rs Rs 84. After this, if Suzlon shares sustain at Rs 85, then they can go up to Rs 109, the market expert told Money9.
NHPC share price target
After falling from its all time high of Rs 115.81, NHPC shares have been recorded some recovery in the last few sessions. Commenting on the future of the stock, Jain said the stock has the potential to rise to the level of Rs 90.60. He went on to say that it was difficult to predict whether the scrip will move further after it reaches the target price.
The market expert advised NHPC shareholders to keep an eye on the level of Rs 90.60. If the stock slides from this level, then one can exit, he added. Jaion predicted that movement will be seen in this stock till Budget 2025 is announced and after that selling may be seen again. NHPC shares opened at 86.22 on December 12, 2024 and closed at Rs 85.12.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Following a market correction, Suzlon Energy and NHPC shares are rebounding, prompting analysis of their future price movements. A market expert predicts Suzlon share price could reach Rs 84-109, suggesting an exit below Rs 65. For NHPC, a target of Rs 90.60 is projected. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
