Suzlon Share Price | Beneficial update on Suzlon share, signs of rocket bullishness, expert updated rating – NSE: SUZLON
Suzlon Share Price | Suzlon Energy stock after five consecutive declines (NSE: SUZLON) There is momentum again. Suzlon stock has fallen 22% in the last five days. On Thursday, Suzlon shares closed at Rs 56.73, up 5 per cent. However, Suzlon stock is still down 34% from its high in more than a year. (Suzlon Energy Company excerpt)
Suzlon Energy stock hit a one-year record high of Rs 86.04 on September 12, 2024. On December 21, 2023, Suzlon Energy's stock was at a one-year low of Rs 33.83.
Suzlon stock in oversold zone
Suzlon stock fell to 23 on the relative strength index on technical charts on Wednesday after five days of selling. This means that Suzlon stock has entered the oversold zone. The stock, which hit a high of Rs 86 in July 2024, is now showing signs of overbought. Suzlon shares gained momentum on Thursday, but they are still in the oversold zone as per the Relative Strength Index which stands at 29.
Suzlon Stock – BUY Rating
Suzlon Energy Limited performed well in the second quarter. Suzlon Energy Ltd reported 48 per cent growth in income at Rs 2,103 crore on an annual basis. Net profit of Suzlon Energy Limited Company also increased from Rs 102 crore to Rs 200 crore in the second quarter. Out of five experts, three have a HOLD rating for the stock of Suzlon Energy Limited Company, while two experts have given a BUY rating.
multibagger return
Suzlon stock has fallen 23.04% over the past month. Suzlon stock has given 34.43% return in the last 6 months. Suzlon stock has given 40.07% return in the last 1 year. The stock has given 2,421% returns in the last 5 years. Even on YTD basis, Suzlon stock has given 47.35% return.
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