- Current Price: 75.18 INR (+1.99%) as of 16 Oct 2024, 1:07 PM IST
- Open: 73.71 INR
- High: 75.55 INR
- Low: 73.52 INR
- Market Cap: 1.03 Lakh Crore INR
- P/E Ratio: 117.98
- 52-Week High: 86.04 INR
- 52-Week Low: 27.05 INR
Suzlon’s Recent Stock Performance
After two consecutive days of gains, Suzlon Energy Ltd saw a 15% drop over the past eight days. However, following this decline, the stock has surged by more than 8%. There are two key reasons for this recent uptick:
- Increased Circuit Limit: Suzlon’s stock circuit limit was raised from 5% to 10%.
- Removal from ASM (Additional Surveillance Measure): This implies that the stock is less likely to be manipulated or experience volatility. These updates had a positive impact, with Suzlon’s share price increasing by 0.53%, closing at 74.1 INR on October 16, 2024.
Suzlon Stock Target Price
Suzlon has been a multibagger stock, providing significant returns to its investors. The stock’s 52-week high was 86.04 INR, and its 52-week low was 26.45 INR. Stock market experts are optimistic, predicting that Suzlon’s stock may reach a target price of 99 INR in the coming days.
Stock Return Performance
- 6-Month Return: 81.67%
- 1-Year Return: 163.45%
- Year-to-Date (YTD) Return: 92.29%
- 5-Year Return: 3,063%
Sell Suzlon if it Falls Below This Support Level. Correction Can Down Price to 63 Rs. Heavy Loss Can Happen.
Disclaimer: Investing in mutual funds and the stock market is subject to market risks. Please consult with your financial advisor before making any investment decisions.
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