Suzlon Stock Price: Suzlon Energy a Renewable Energy is making headlines as the stock price surged nearly 9% in today’s trading session. During the trading session, Suzlon Share Price touched an intraday low of Rs 49.85 and a high of Rs 55.35 on Wednesday. Jigar Patel from Anand Rathi brokerage has shared trading range, support, resistance and key levels which will definitely help investors. Check details.
Suzlon Share Price NSE
On Wednesday, Suzlon stock zoomed more than 9% while indices were trading flat. The shares of Suzlon Energy touched an intraday high of Rs 55.28 on NSE surging more than 9% from its previous closing price Rs 50.64. The stock price however declined towards the session end and closed at Rs 54.20 with a gain of 7.03%.
Suzlon Energy Restructuring its Subsidiary
Suzlon Energy has announced that its Dutch subsidiaries are being restructured. In a recent exchange filing on February 14, the company said that the merger of Suzlon Energy’s Netherlands-based subsidiaries, SE Blades Technology B.V. (SBT) and SEBV, into AE Rotor Holdings B.V. (AERH), a fully owned subsidiary of Suzlon Energy Limited (SEL),
On Wednesday, the stock increased by more than 9%, which was a sign of relief for shareholders and traders alike. Here’s a closer look on how investors should set up their trading strategy while going ahead.
Also Read: Suzlon Share Price Target 2025 to 2050
Suzlon Energy Share Trading Range
Suzlon Energy stock price was trading in a range of Rs 49.85 to Rs 55.28 in today’s trading session which indicates a huge fluctuations in the stock price. Jigar Patel from domestic brokerage firm Anand Rathi suggested some key level while trading. According to the analyst, Suzlon Shares is expected to trade in range between Rs 50 to Rs 57 in the short-term.
Suzlon Energy Support and Resistance
Anand Rathi Analyst Jigar Patel said that if Suzlon stock price crosses Rs 55.30 level then it could further rise to Rs 57 in the short-term. However Investors should keep an eye on support level at Rs 52 and resistance at Rs 55.30.
Also Read: IRFC Share Price Target From Tomorrow to 2050
Suzlon Share Price History
Suzlon Energy’s stock has increased 2.63% over the last 5 trading sessions. In the last on month, Suzlon Shares declined more than 6% and more than 32% in the last 6 months however it has given nearly 18% returns in the last one year. Suzlon Energy stock has delivered 500% in the last two years and multibagger returns of 2,308% in the last 5 years.
Suzlon market cap currently stands at Rs 69,116.85 crore. The BSE 100 listed stock has a 52-week high of Rs 86.04 and 52-week low of Rs 35.50
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