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Stock Tips- The market capitalization of Suzlon Energy has now increased to Rs 85,084 crore on BSE. The stock has risen 47.50% in a year and in two years it has gained 670%.
The market capitalization of Suzlon Energy has now increased to Rs 85,084 crore on BSE.
New Delhi. Suzlon Energy shares have declined strongly in two months and it has fallen by 28% from its 52 -week high. Suzlon Energy Shares reached a 52 -week high of Rs 86.04 on September 12, 2024. At the same time, on November 19, 2024, it closed at Rs 62.35 with an upper circuit of five per cent on BSE. In the third consecutive session, this green energy stock has hit the upper circuit. Brokerage firm Morgan Stanley and Geojit Financial have advised investors to invest money in this stock.
The market capitalization of Suzlon Energy has now increased to Rs 85,084 crore on BSE. The stock has risen 47.50% in a year and in two years it has gained 670%. The beta of Suzlon Energy shares is 1.1, indicating high volatility in a year. Suzlon Energy shares are trading their 10 days, 20 days, 30 days, 50 days less than 100 days but 5 days, 150 days and 200 days of moving averages.
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Brokerage opinion
Brokerage firm Morgan Stanley has upgraded Suzlon Energy Limited on Tuesday, 19 November to “overweight” from his previous rating of “Equalweight”. Brokerage has fixed the target price of Suzlon Energy share at Rs 71, which is about 20 percent more than the current price. Geojit Financial has also given a ‘bye’ rating to Suzlon Energy Share. Brokerage has fixed its target price of Rs 68.
Ameya Ranadive CMT CFTE, Stocksbox Senior Technical Analyst Ameya Ranadive says that Suzlon Energy Stock appears in the oversold zone. The relative strength index (RSI) is at 35, indicating the possibility of reversal. Suzalon can be purchased for target price of Rs 72 at current levels. Anand Rathi’s Jigar S Patel says that Suzlon share is getting support at Rs 53 and there is a hindrance for this at Rs 66. After crossing this obstacle, it can go up to 70 rupees.
(Disclaimer: Stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, consult the first certified Investment Advisor. News18 will not be responsible for any kind of profit or loss.)
New Delhi,New Delhi,Delhi
November 20, 2024, 14:17 IST
This share fell 28 percent from 52-Veek high, brokerage said-this is the right opportunity to buy
