Suzlon Share Price | Suzlon Energy share slipped below Rs 60, how much more will the stock fall – NSE: SUZLON
Suzlon Share Price | Suzlon Energy shares fell sharply on Thursday 09 January 2025. Suzlon shares have fallen 8.18% in the last five trading sessions. Suzlon shares have fallen 13.98% in the last one month.
Suzlon shares below Rs 60
Shares of Suzlon Energy fell nearly 2 per cent to Rs 59 on Wednesday. On Thursday, January 09, 2025, Suzlon Energy shares were trading at Rs 57.94, down 3.48%. Interestingly, Suzlon Energy stock has given 2,300% returns in the last five years. On Friday (January 10, 2025), the stock was trading at Rs 56.0, down 3.28%.
What are the details about Suzlon Energy Company?
Recently Suzlon Energy Limited has received tax exemption from the Income Tax Appellate Tribunal on a total fine of Rs 260.35 crore. Apart from this, CRISIL Ratings has upgraded its credit rating on Suzlon Energy Limited Company to CRISIL A with positive outlook. Experts said that the rating reflects the strong performance and better profitability of Suzlon Energy Company.
What the brokerage had to say about Suzlon Energy's stock
Jigar S Patel, technical research expert of Anand Rathi brokerage firm, said that if we talk about technical setup, the support for Suzlon share is between Rs 58 to Rs 54. However, the stock needs to cross the level of Rs 65-70. Support level of Suzlon Energy shares will be Rs 58 and resistance will be Rs 62. If Suzlon stock crosses the level of Rs 62, it may rise above Rs 65. According to experts, the share may remain in the range of Rs 57-65 in the short term.
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