The share price of Suzlon Energy company has been under selling pressure in recent days. Yesterday, the share was stuck in the lower circuit. In yesterday’s trading session, the company’s share was trading at Rs 39.28. Suzlon Energy shares have increased six times in the past eight months. The company’s share has been witnessing a profit recovery after a continuous upward trend in recent months. The company’s share had reached the lower level of Rs 6.96 in 52 weeks. The highest price level was Rs 44. On Wednesday, November 22, 2023, Suzlon Energy’s share was trading at Rs 37.35 with a decline of 4.96%. On Thursday, November 23, 2023, the share was trading at Rs 39.2, an increase of 4.90%.
In the past eight months, Suzlon Energy stock has earned its investors six times more returns. The company’s net profit increased by 45% to Rs 102 crore in the September 2023 quarter. Suzlon Energy Company has collected revenue of Rs 1,417 crore for the quarter. Last year, the company had generated revenue of Rs 1,430 crore. Suzlon Energy Company’s EBITDA was recorded at Rs 169.7 crore last year, which has now increased by 32.6% to Rs 225 crore. The EBITDA margin of the company in the previous fiscal year’s similar quarter was 11.9%, which has now reached 15.9%.
According to experts, investors in Suzlon Energy Company should immediately recover their profits. This is because there is a possibility of further decline in the company’s share. Suzlon Energy’s share is witnessing several breakouts at lower levels with strong volume. Share market experts have advised selling Suzlon Energy shares. In the past six months, the company’s shares have given a return of 303% to its investors.
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