For the third straight session, the price of Suzlon Energy’s shares reaches the upper circuit. Following its findings on Tuesday, January 28, after market hours, Suzlon Energy’s share price has steadily increased. The price of Suzlon Energy shares has risen steadily over the past three sessions, reaching a 5% upper circuit after Tuesday’s closing low of ₹50.26. The price of Suzlon Energy’s shares has increased by 15.7% over the previous three sessions after being locked in at a 5% upper circuit on Friday at ₹58.15 on the BSE.
“This is to inform you that a Material Price Movement has been noticed in the scrip of Suzlon Energy Limited on 30th January 2025 at 9.30 a.m.,” Suzlon Energy stated in its release on the Exchanges for information to the members and shareholders of Suzlon on Thursday. “However, we could not ascertain any event or information in the mainstream media which could have triggered this MPM.”
Suzlon Energy-Analysts Views on Q3:
Post-Q3 Findings “The company reported record deliveries of 447 MW, reflecting a 163% growth,” stated Anshul Jain, Head of Research at Lakshmi Shree Investment and Securities. S144 turbines account for 92% of its order book, reaching an all-time high of 5.5 GW. “With these strategic expansions, Suzlon is well-positioned for continued growth,” Jain said, adding that Suzlon is also expanding its manufacturing capabilities by constructing new production lines at Ratlam and Jaisalmer.
According to Sugandha Sachdeva, founder of SS WealthStreet, Suzlon Energy’s share price, which showed promise in the technical chart pattern, had encountered resistance at Rs55. However, Sachdev stated, “Suslon shares may become extremely bullish upon breaching above this hurdle.” Sachdeva had included.
