Suzlon Share Price: A Roller Coaster Ride with Impressive Returns!
📈 Suzlon Energy Limited, a company known for providing significant returns in the past four years, witnessed a surge in its shares once again. The share price of Suzlon Energy has escalated from Rs. 2 to Rs. 42 in recent years, even amidst recent market fluctuations.
📉 Despite a significant drop in the Sensex and Nifty on Thursday, Suzlon shares showed a remarkable growth of approximately 5%. While Sensex closed at 71,186 points, down by 313 points or 0.44%, and Nifty ended at 21,462.25 points, down by 109.70 points or 0.51%, Suzlon Energy shares continued to rise.
🚀 Despite starting the trading day lower at Rs. 45.70, the share showed an impressive upward momentum despite a 6.04% decline from its year-high of Rs. 45.70. Suzlon Energy Limited has provided a remarkable return of 516.95% from its lowest level of Rs. 6.96, with the share closing at Rs. 42.90 on Thursday, representing a 4.89% increase.
📊 The share price of Suzlon Energy had surged by 41.9% to Rs. 41.9 on Saturday, January 20, 2024, whereas in January 2020, it was hovering around Rs. 2. Hence, during this period, Suzlon shares have witnessed an astounding 800% return. Additionally, the stock has provided returns of 140.34% in the past six months and 344.56% in the last year.
💡 Analysts predict further growth in Suzlon shares. According to A.R. Ramachandran from Tips2Trades, the share price can potentially surge up to Rs. 47.8. Similarly, Ravi Singh, the founder of DRS Finvest, suggests that Suzlon shares may reach Rs. 48 per share in the near future.
In Short, Suzlon Energy Limited has proven to be a resilient company, consistently delivering significant returns to its investors despite market volatility. With experts predicting further growth, it will be interesting to see how much higher Suzlon shares can soar.
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