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Suzlon Share News Today: Latest Updates and Trends, Predictions and Insights

  • Author: Profitaxis
  • Published On: January 23, 2025
  • Category:Latest News
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Suzlon Energy Stock Analysis

Current Price

Suzlon Energy is currently trading between ₹55–₹56.

Trend Overview

Over the past year, Suzlon Energy has delivered strong returns. However, recent profit booking has created pressure, and the stock is currently trading below its 20 DMA and 200 DMA, indicating bearish sentiment.

Key Levels to Watch

  • Resistance: ₹60–₹70.
  • Support: Previous swing low at ₹53. A breakdown below this level could lead to further correction, with the next support zone at ₹45–₹42.

Recommendation

Short-Term: Avoid fresh buying unless the stock decisively trades above ₹70.
Long-Term: Investors can hold if confident in Suzlon's fundamentals, but adding more positions should wait until a sustained uptrend is visible.

Detailed Analysis of Suzlon Energy

Recent Price Trends:

  • Suzlon Energy stock is currently trading in the range of ₹54–₹56.
  • It has shown some downtrend recently, falling from highs of ₹68–₹70.
  • The stock fluctuates between the support zone of ₹52–₹53 and a resistance range of ₹68–₹71, which it has struggled to break decisively.

Performance Over Different Timeframes:

  • 6 Months: The stock delivered impressive returns of over 100%, reflecting strong momentum.
  • 1 Year: Despite recent corrections, the stock has provided investors with returns of approximately 40%.
  • Short Term: Currently in a consolidation phase, showing profit booking and lower momentum.

Fundamentals at a Glance

  • Debt Position: The company has significantly reduced its debt, from over ₹17,000 crores earlier to ₹277 crores in the last quarter.
  • Reserves: Suzlon has transitioned from negative reserves to positive reserves, signaling financial stability.
  • P/E Ratio: Currently in the 80s, down from previous highs in the 120s but still relatively high. Compare with industry average for valuation insights.
  • Promoter and Institutional Holding: FIIs have slightly increased their stake, while DIIs have reduced holdings. Mutual funds have increased exposure.

Key Technical Levels

The stock’s critical support zone lies at ₹52–₹53. A breakdown below this level could lead to a further drop toward the ₹45–₹42 range.

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Suzlon Energy Stock Analysis

Current Price

Suzlon Energy is currently trading between ₹55–₹56.

Trend Overview

Over the past year, Suzlon Energy has delivered strong returns. However, recent profit booking has created pressure, and the stock is currently trading below its 20 DMA and 200 DMA, indicating bearish sentiment.

Key Levels to Watch

  • Resistance: ₹60–₹70, with a critical resistance zone at ₹68–₹71.
  • Support: Previous swing low at ₹53. A breakdown below this level could lead to further correction, with the next support zone at ₹45–₹42.

Golden Crossover Indicators

Daily Golden Crossover: A breakout above ₹70 would signal potential for swing trading.
Weekly Golden Crossover: Indicates longer-term bullish momentum.

Indicators to Watch

  • Moving Averages: Near support levels but slightly bearish.
  • RSI: RSI around 42 indicates a neutral-to-weak zone. A rise above 50 would confirm positive momentum.

Strategy for Investors

For Existing Holders

  • Short-Term Holders: Monitor the ₹52–₹53 support zone. If the stock falls below this level, consider exiting to avoid further downside.
  • Long-Term Holders: Hold unless the stock breaks below ₹42, which would signal significant bearish sentiment. Watch for improvements in fundamentals and quarterly results.

For New Investors

  • Avoid fresh entries unless the stock decisively breaks the ₹68–₹71 resistance range on strong volumes.
  • For swing trading, wait for a daily golden crossover confirmation above ₹70.
  • Look for better valuation levels if the stock falls below ₹50, offering an attractive entry point near long-term support levels.

Key Risks and Considerations

  • Volatility: Suzlon Energy is prone to high fluctuations due to its nature as a turnaround stock.
  • Fundamental Strength: Debt reduction is a positive, but high valuations and sustained earnings growth are essential.
  • Technical Weakness: Trading below its 20 DMA and 200 DMA signals bearish short-term sentiment.
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Suzlon Share Analysis

Is Suzlon Share a Good Buy?

As of the latest market analysis, Suzlon Energy Limited has shown promising growth, especially in the renewable energy sector. With increasing global investments in sustainable energy, Suzlon stands as a potential leader in wind energy production.

However, like any investment, it comes with its risks. It's crucial to monitor market conditions, global economic factors, and Suzlon's financial health before making an investment decision.

What is the Target of Suzlon Share?

Analysts have set various price targets for Suzlon shares, typically influenced by the company’s financial performance, market trends, and overall industry growth. Currently, Suzlon's stock target for the near term is expected to range between INR 20 and INR 25 based on recent projections.

Investors should track quarterly earnings reports and market conditions as they may significantly affect these price targets.

What is the Suzlon Target for 2030?

Looking towards 2030 400up , Suzlon’s long-term target is highly dependent on global shifts towards renewable energy and the company's ability to scale its operations efficiently. Experts predict that Suzlon’s stock could rise significantly by 2030, potentially reaching INR 100-150 per share, considering the anticipated growth in the wind energy sector.

However, this forecast is contingent on numerous variables, such as technological advancements, government policies, and market dynamics.

What is the Share Price of Suzlon?

As of today, the share price of Suzlon is approximately INR 18 per share. Keep in mind that stock prices fluctuate frequently based on market conditions. Always refer to real-time financial platforms or stock exchanges to get the most accurate and up-to-date share price.

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