In a major boost for Suzlon Energy, the stock soared by over 7.67% today following a key regulatory change. The circuit limit for the stock has been increased from 5% to 10%, fueling investor optimism. Additionally, the Securities and Exchange Board of India (SEBI) has removed ASM (Additional Surveillance Measure) monitoring, further boosting market confidence in the stock.
As of 10:28 am IST today, Suzlon’s share price rose to ₹79.29, up by ₹5.65. The stock opened at ₹74.59, reaching a high of ₹79.87 during the day, demonstrating strong buying momentum. Suzlon’s market capitalization now stands at a hefty ₹1.08 lakh crore, marking it as one of the key players in India’s renewable energy sector.
| Suzlon Energy Stock Summary | Details |
|---|---|
| Current Price | ₹79.29 (+7.67%) |
| Open | ₹74.59 |
| Day’s High | ₹79.87 |
| Day’s Low | ₹74.55 |
| Market Cap | ₹1.08 lakh crore |
| P/E Ratio | 124.67 |
| 52-Week High | ₹86.04 |
| 52-Week Low | ₹26.30 |
This surge comes amid broader positive sentiment in India’s renewable energy market. The removal of ASM Monitoring by SEBI signals a significant reduction in the volatility concerns that had previously surrounded the stock, encouraging more investors to jump in.
Suzlon’s stock has been performing well in recent months, and this price hike has brought it close to its 52-week high of ₹86.04, showcasing its strong upward trajectory. Investors are now closely watching if the stock will breach its recent highs, riding on the back of these favorable developments.
Importan on Suzlon: Suzlon Tata Power Deal Can Soon Happen For ₹21,000 Crore Towards 3 GW Wind-Solar Hybrid Energy Facility.
With the circuit limit change allowing for greater volatility, Suzlon could witness further gains, making it a stock to watch in the coming days.
Something went wrong. Please refresh the page and/or try again.
Leave a comment