Suzlon Energy stock has been in the spotlight recently. Between August 8 and August 14, the stock prices witnessed significant fluctuations, touching the upper circuit on some days before experiencing a decline. We are here to share insights from market experts and brokerage firms to help investors understand whether they should buy, sell, or hold Suzlon Energy stock.
Highlights
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- Suzlon Energy stock recently reached its highest level.
- On August 14, the stock saw a sudden decline.
- Market experts advised investors to book 50% profit.
- Suzlon’s stock could reach ₹96 in the near future.
- Tradebulls Securities projected the stock to trade in the ₹95-115 zone.
Suzlon Energy Stock Trend
| Date | Stock Price (₹) | Change (%) |
|---|---|---|
| August 8 | 72.29 | +2.64 |
| August 9 | 74.21 | +2.66 |
| August 12 | 80.36 | +8.29 |
| August 13 | 83.59 | +4.02 |
| August 14 | 76.75 | -5.28 |
| August 14 (Recovery) | 82.19 | +7.09 |
Table of Contents
Recent Changes in Suzlon Energy’s Stock
Recent Suzlon Energy Stock Performance
Suzlon Energy‘s stock was at ₹72.29 on August 8. It then rose to ₹74.21 on August 9, ₹80.36 on August 12, and ₹83.59 on August 13, hitting the upper circuit during these four days. However, on August 14, Suzlon Energy’s stock opened at ₹82.19 but quickly dropped by 5% to ₹76.75. A recovery was observed later. Several factors might have contributed to this drop, such as ongoing market volatility or profit booking by investors.
Expert Opinions on Suzlon Energy Stock
Market expert Prakash Gaba believes that Suzlon’s stock could reach ₹96 in the coming days. He advised investors to book at least 50% profit on their investments and hold the remaining shares for a target price of ₹96.
Also Read: Continuous Decline in IREDA Shares! Crucial Insights for Investors – Sell, Buy, or Hold?
Tradebulls Securities’ View
Brokerage firm Tradebulls Securities‘ Sachit Anand Uttekar noted that Suzlon’s stock has broken out of an 11-year accumulation zone. He estimated that the stock could trade in the ₹95-115 range. Uttekar advised investors to buy the stock during dips and hold it as long as it does not fall below ₹62 on a weekly basis.
About Suzlon Energy
Suzlon Energy manufactures wind turbines and related components. The company operates in 17 countries, including India, Australia, Europe, and Africa. Suzlon is primarily active in operations, maintenance, digitalization, and multi-brand operations.
| Key Facts | Details |
|---|---|
| Market Cap | ₹1,10,147 Crore |
| Share Price | ₹80.89 |
| 52-Week High | ₹84.29 |
| 52-Week Low | ₹19.30 |
| Growth in Last 5 Years | 1846.75% |
| Growth in Last 3 Years | 1142.92% |
| Growth in Last 1 Year | 302.94% |
| Growth in Last 6 Months | 75.66% |
| Growth in Last 3 Months | 100.97% |
| Growth in Last 1 Month | 47.89% |
Also Read: Massive Profits in Railway Stocks Including RVNL and IRFC: Investors Reaping Huge Benefits!
FAQs
Is it a good time to buy Suzlon Energy’s stock?
Market experts suggest booking 50% profit at the current level. The remaining shares can be held as the stock may touch ₹96.
Why did Suzlon Energy’s stock fall?
The stock saw a decline on August 14, but experts believe it was a temporary dip, with potential for recovery soon.
What is the future of Suzlon Energy?
According to Tradebulls Securities, Suzlon’s stock could trade in the ₹95-115 range. The stock has long-term potential for good performance.
What is the current price of Suzlon Energy’s stock?
On August 14, the stock was priced at ₹82.19, although there were fluctuations.
Is investing in Suzlon Energy’s stock profitable?
Market experts and brokerage firms believe investing in Suzlon’s stock can be profitable, especially when bought during dips.
Also Read: This Stock Could Be the Next Suzlon, Achieving an Impressive 350% Growth in Just 1 Year!
