Suzlon Share: For investors keeping a keen eye on the renewable energy sector, Suzlon Energy’s stock is undoubtedly making waves. If you’ve already invested in Suzlon Energy or are contemplating doing so, recent developments might influence your decision.
A Glimpse at Recent Performance:
Suzlon Share: Until recently, the price target set for Suzlon Energy’s share was around 30 rupees, a benchmark the share almost touched. On the last trading day, Friday, the shares saw a decline of about 1.29%, closing at 26.80 rupees. On the same day, the stock hit its lowest at 26.60 rupees and peaked at 27.45 rupees. Over the past year, Suzlon Energy’s share oscillated between a low of 6.60 rupees and a high of 29.80 rupees.
A few months back, speculations were rife when the company’s shares were projected to hover near the 30 rupees mark. Now that the shares have almost reached that point, stakeholders were eager to see if new price targets would emerge.
New Price Predictions:
The anticipation has ended. Sumit Bagadia from Choice Broking has unveiled the new price target for Suzlon Energy. According to Bagadia’s analysis, the share could soon see levels reaching 40 rupees. However, he advises potential investors to maintain a stop loss at 25 rupees, implying that investments could be made in Suzlon Energy with a target price of 40 rupees, keeping the mentioned stop loss in mind.
Impressive Returns on Investment:
Suzlon Energy’s shares have showcased impressive performance, offering returns that would make any investor nod in approval:
- Over the past month, the shares have yielded a return of approximately 20.99%.
- In the last three months, the return has been about 52.71%.
- Remarkably, over a year, the shares have given an astounding return of around 294.12%.
- The last three years saw the shares providing a whopping 840.35% return.
Closing Thoughts:
While the renewable energy sector remains a crucial focus in today’s sustainability-driven market, Suzlon Energy’s consistent performance makes it a noteworthy contender for investors. However, as always, potential investors should do their own research and consider all factors before making any investment decisions.