Suzlon Energy Ltd, a prominent name in renewable energy, has witnessed a meteoric rise in its stock prices over the last six months. From ₹11.15 per share on June 1, 2023, the stock price has soared to ₹39.90, yielding a staggering 274% return for investors. Over the past two years, the stock has surged by an impressive 531%.
🤔 Should You Invest in Suzlon Energy Now?
- Expert Opinions: Avadhoot Bagkar of Stop Box suggests that if Suzlon Energy’s shares cross the ₹42 mark, they could potentially reach ₹50. However, A.R. Ramachandran from Tip2trades advises investors to book profits at the current level, although charts indicate a possible rise to ₹46.6. The support level is pegged at ₹40.5.
- Three-Year Growth: Investors who held onto Suzlon Energy shares for the past three years have seen their investments grow by 1162.66%.
- Current Market Position: The company’s stock reached a 52-week high of ₹44 on November 17, 2023, with a 52-week low of ₹6.96. Currently, the stock has dipped by 9.3%.
🌟 Suzlon Energy: A Renewable Energy Powerhouse
- Historical Highs and Lows: The company’s stock has seen significant fluctuations, reaching its peak and experiencing lows over the past year.
- Investor Interest: The recent surge in stock prices reflects growing investor confidence in renewable energy sectors.
📊 Market Watch: Navigating Suzlon Energy’s Stock Trends
- Investor Dilemma: With the stock currently experiencing a slight dip, investors are contemplating whether to hold, sell, or buy more.
- Future Prospects: The renewable energy sector’s growth potential makes Suzlon Energy a stock to watch closely.
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