New Delhi: Suzlon Energy shares have been a hot favourite of the stock market investors. However, the wind energy stock has significantly declined in recent sessions and trading at Rs 48.27 per equity share in the morning trade on January 28, 2025. It may be noted that Suzlon is a profit making company and its order book is also very attractive.
Sulzon share price history: In September 2024, the Suzlon stock had reached the level of Rs 86. The counter has fallen by more than 35 per cent since then. The multibagger stock was trading in the range of Rs 8-10 in May 2023.
In October-December, FIIs offloaded their holdings and reduced their stake from 23.72 percent to 22.87 percent. However, in the December quarter, the domestic investors (DIIs) pumped in money to buy the shares and increased their stake from 9.02 per cent to 9.31 per cent.
Suzlon share news: What expert said
Commenting on Suzlon Energy share, Aditya Arora of Adlytick Stock Market Research said that Suzlon has been the favorite stock of investors. He said that now this stock has come on a short term support. “This is a zone of Rs 45-50. It seems that the selling in this zone may stop a bit. Therefore, it is advisable not to sell this stock now and remain in a wait and watch position.
If the stock rises, then you can exit from this counter. He said that there is no hope of any strong rally in the stock right now,” Arora opined.
Future triggers for Suzlon Energy share: The company will be announcing its Q3 Results of 2025-25 on January 28. The firm is also expecting some big ticket announcements in Budget 2025 which will be presented on February 1.
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Suzlon Energy shares, a market favorite, have experienced a significant price drop, trading at Rs 48.27 on January 28, 2025. An expert suggested a “wait and watch” approach, anticipating potential support at Rs 45-50, with upcoming Q3 results and Budget 2025 announcements as key triggers. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
