Suzlon Share Price 14 February 2024: A rollercoaster ride for investors! ๐ข๐ฐ
The past few days have seen a tremendous selling pressure on the shares of Suzlon Energy Limited. In Friday’s trading session, the company’s shares closed at Rs. 47.38, registering a 5% decline. Adding to the woes, the stock got stuck in a lower circuit on Monday.
However, despite the recent slump, Suzlon Energy Limited has provided investors with a solid return of 25% year-to-date (YTD). Market experts predict that the company’s shares could witness a strong recovery in the upcoming days. JM Financial firm experts have set a target price of Rs. 54 for the company’s shares.
On Tuesday, February 13, 2024, Suzlon Energy’s stock was trading at Rs. 42.75, down by 5.00%. However, on Wednesday (February 14, 2024), the shares witnessed a 3.05% increase, trading at Rs. 45.20.
The company has shown a remarkable performance in the December quarter. Its net profit for the quarter ended March 2018 surged by an impressive 160% to Rs. 203.04 crore. In the same quarter last year, Suzlon Energy had earned a net profit of Rs. 78.28 crore.
With the release of excellent quarterly results, Suzlon Energy’s shares experienced a significant surge. In the past month alone, the company’s stock has risen by 7%. Over the past six months, the shares have provided investors with a remarkable return of 140%.
Over the course of the last year, Suzlon Energy’s shares have delivered a stunning return of 430% to investors. During this period, the share price increased by Rs. 9, reaching its current level. The 52-week high for Suzlon Energy’s shares was Rs. 50.72, while the 52-week low was Rs. 6.96. The company’s total market capitalization stands at Rs. 64,332.97 crore.
Currently, Suzlon Energy’s shares are trading above their 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive market sentiment.
In Short, despite the recent sell-off, Suzlon Energy Limited has provided investors with significant returns. With experts predicting a potential recovery and a target price set at Rs. 54, it will be interesting to see how the future unfolds for this energy company. Stay tuned for more updates! ๐ฅ๐ผ
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.