Shares of Suzlon Energy struck their fresh 52 week high, climbing for the 3rd straight session today. Suzlon Energy supply struck a fresh high of Rs 86.04 versus the previous close of Rs 81.05 on BSE.
It exceeded its earlier high of Rs 84.40 gotten to on August 13 this year.
The fresh high follows the multibagger supply shut 5% greater while striking top circuit of 5% in the previous 2 sessions.
Market cap of the environment-friendly power company reached Rs 1.14 lakh crore on BSE. Suzlon Energy supply has actually climbed up 266% in a year and obtained 827% in 2 years.
The multibagger supply clocked a high turn over of Rs 110 crore as 129.35 lakh shares altered hands on BSE in today’s session. Suzlon Energy shares was up to their 52-week low of Rs 21.71 on September 13, 2023. Suzlon Energy shares have a beta of 0.9, showing reduced volatility in a year.
Shares of Suzlon Energy are trading over their 5 day, 10 day, 20 day, one month, 50 day, 100 day, 150 day and 200 day relocating standards. This suggests the supply has actually remained in favorable area in all period.
Market specialist Raghvendra Singh anticipates the supply to strike a tarpet of Rs 100 in the short-term.
“Suzlon has been in focus for the past six to eight months. The stock has given an uptrend again. If it breaks above Rs 80-82 levels then the counter can rise further. It is expected to touch Rs 100 level in the near term,” he informed BTTV.
Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas is favorable on leads of the supply.
Last two-weeks’ rate activity signals formationn of a favorable flag pattern in the debt consolidation stage. The continuous higher energy can proceed, Gedia informed Business Today TELEVISION.
The supply can get to an upside target of Rs 100 in the close to term. Stop loss can be taken care of at Rs 78, includedGedia
Suzlon Energy is a company of renewable resource options. The firm is a manufacturer of wind generators. It uses a variety of solar power options, such as solar irradiance analysis, land procurement and authorizations, framework and power discharge, supply chain, setup and compensation and life process possession administration.
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