Suzlon Share Price | Update on Suzlon company, shares will become rocket, note the next target price – NSE: SUZLON
Suzlon Share Price | Positive signal for Suzlon stock from Morgan Stanley brokerage firm. According to Morgan Stanley brokerage firm, Suzlon Energy's shares are stronger. (NSE: SUZLON) Expecting to get returns. Morgan Stanley brokerage firm has given BUY rating to Suzlon share. On Tuesday, October 19, the stock was trading at Rs 62.22, up 4.99 per cent. (Suzlon Company excerpt)
Morgan Stanley brokerage firm has given a new target price advising the purchase of Suzlon shares. Morgan Stanley's brokerage firm has set the target price of Suzlon shares at Rs 71. That means Suzlon shares can give 20 percent returns to investors from the current levels. Morgan Stanley brokerage firm said in a statement that the big fall seen in Suzlon shares is a buying opportunity for investors.
Stock exchange decided
Suzlon shares are down 38 per cent from their high of Rs 86.04. After this the circuit limit of Suzlon company was reduced. Suzlon's circuit limit has been reduced from 10 per cent to 5 per cent following a 9 per cent fall in its share price last week.
Why is Suzlon stock bullish?
Morgan Stanley brokerage firm believes Suzlon Energy Ltd is a strong business and growth opportunities for wind energy equipment manufacturers are strong factors behind the rally of the company's stock. Morgan Stanley brokerage firm has reduced the FY25 sales volume for Suzlon Energy Ltd Company to 1.3 GW from the previous 1.5 GW. However for the financial year 2025-2027, the total sales of Suzlon Energy Limited Company is 7.15 GW. Shares of Suzlon Energy Limited closed at Rs 59.26, rising for the second consecutive day on Monday. Suzlon Energy shares are up 53% in 2024 despite recovering from recent highs.
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