Suzlon Share Price | Beneficial update on Suzlon company, big signal on stock technical chart, expert advice – NSE: SUZLON
Suzlon Share Price | Suzlon Energy Ltd shares fell 8% to Rs 54.49 on Nov 13 (NSE: SUZLON) But was doing business. On Thursday, October 14, Suzlon shares were trading 5% higher at Rs 56.73. The stock has fallen 22% in the last five days. Investors in multibagger Suzlon stock are worried. (Suzlon Energy Limited Company Excerpt)
share technical chart
Stock market experts said that Suzlon has been a stock sale zone for the last few days. If we look at the technical chart, Suzlon stock is showing weakness in the short term. Experts have a Hold rating for Suzlon. Along with this, it has also been advised to keep stoploss at Rs 46. Short term trading investors can buy 50 to 51 more shares.
Company's second quarter results
Suzlon Energy Limited's second quarter results were very positive. Suzlon Energy Ltd in its financial report said its consolidated net profit almost doubled in the July-September quarter compared to the second quarter of 2023-24. Suzlon Energy Ltd has reported a consolidated net profit of Rs 102 crore in the second quarter of the last financial year.
Suzlon Company Order Book
Suzlon Energy Ltd's total income stood at Rs 2,121.23 crore in the second quarter as against Rs 1,428.69 crore in the same quarter of the previous financial year. Suzlon Energy Ltd grew its EBITDA 31 per cent to Rs 294 crore. Suzlon's order book is 5.1 GW. Suzlon Energy Limited has won India's largest wind power order of 1166 MW from Suzlon Green Energy Limited.
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