Suzlon Share: Suzlon Energy, a renowned name in the energy sector, recently faced a setback in its stock market journey. Despite its persistent upward trajectory, the company’s shares unexpectedly hit the lower circuit, marking a direct 5% decline.
As of 2 PM today, the trading value of Suzlon Energy’s shares stood at ₹27.65, reflecting a 4.98% drop. The trading volume for this share has also seen a noteworthy surge. A look back reveals that the shares of Suzlon Energy share closed at ₹29.10 in the previous trading session. Earlier today, they began trading at around ₹28.20 and even peaked at ₹28.35. However, they couldn’t sustain the momentum and were halted by the lower circuit.
In terms of today’s trading range for Suzlon Energy’s shares, they fluctuated between ₹27.65 and ₹28.35. By 2 PM, a staggering 147,073,404 shares had been traded. For those interested in annual statistics, the highest and lowest points for the shares over the past year ranged from ₹6.60 to ₹29.80.
Now, shifting focus to returns:
- 1-week return on Suzlon Energy’s shares: 7.17%
- 1-month return: 14.97%
- 3-month return: 54.90%
- Return from January 1, 2023, to date: 160.85%
- 1-year return: 261.44%
- Remarkably, the 3-year return stands at a whopping 837.29%.
It’s evident that Suzlon Energy has had a commendable journey in the stock market, with consistent growth rates. This recent drop is a rare blip in their otherwise robust market presence. It remains to be seen how the company navigates through this phase and what strategies it implements to regain its momentum.