Suzlon Share Price: The Shares of Suzlon Energy, a company operating in the renewable energy sector, saw a 4.23% further decline on Wednesday, January 22. Suzlon share price closed at Rs 55 on NSE, down by 4.23%. With Suzlon Share Price down 36% from its 52-week high, Market expert shared his view on whether to invest in Suzlon Energy or wait. In addition analysts also suggested Buying level, support, resistance and revised Price Target. If you’re planning to invest in Suzlon then this article could be very useful. So let’s know in details.
Suzlon Share Price NSE
On January 22, the shares of Suzlon Energy opened at Rs 57.43 on NSE and closed at Rs 55 with a 4.23% decline. During the trading session, the stock touched an intraday high of Rs 57.84 and low of Rs 54.55. Suzlon Energy has a 52-week high of Rs 86.04 and a 52-week low is Rs 35.59. With further 4.23% decline, the company’s market cap stands at Rs 75,268.81 crore.
Suzlon Share Performance
Talking about the share performance, Suzlon Energy shares dropped 6.30% in the last 5 days and more than 13.87% in the last one month. In the last 6 months Suzlon has delivered negative returns of 0.15% however it has gained as much 33.66% in the last one year. Despite poor performance in the last year, Suzlon Energy has delivered multibagger returns of 2,291.30 in the last 5 years.
Suzlon Energy Share Price Target 2025
Stock market expert Lakshmikant said that the stock of Suzlon Energy is currently trading in the range of Rs 50-56. Suzlon Energy shares saw a strong rally last year. This gave good returns to the investors. However, if you look at the trend of the last 2-3 months, then huge profit booking is seen from the 52-week high.
Also Read: Suzlon Share Price Target From Tomorrow to 2050
According to market expert Laxmikant, selling pressure may continue on the stock until Suzlon Energy shares cross the Rs 69-70 level. The previous swing is around Rs 53. If Suzlon share price falls below that level, it may see further decline to Rs 42 – Rs 45 level. Investors should decide to invest in Suzlon Energy only when Suzlon share price trades above Rs 69-70.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in Trademint.in is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.
