Suzlon’s stock price rose more than 3% on Tuesday, halting a three-day losing run. The renewable energy stock was held at a 5% lower circuit in the previous session. On January 7, Suzlon shares surged 3.65% to a high of ₹61.03 on the BSE.
Suzlon shares fell 5% to ₹58.06 per share on Monday, reaching its lowest level since November 18, 2024. Suzlon Energy’s share price has fallen 10% during the last three trading days.
Regarding the shares plummeting 5% on Monday, Suzlon Energy emphasized that there was no incident or information that caused the stock price fluctuation.
“This is to inform you that a Material Price Movement (“MPM”) has been noticed in the scrip of Suzlon Energy Limited on 6th January 2025 at 1.45 p.m., however, we could not ascertain any event or information in the mainstream media which could have triggered this MPM,” Suzlon Energy said in a regulatory filing on Tuesday.
Suzlon Stock Price Trend
Suzlon’s stock price has dropped more than 14% in three months, yet the green energy company has risen 50% in the last year. Suzlon stock has achieved multi-bagger returns of 495% in two years and 1,740% in five.
Suzlon’s share price reached a 52-week high of ₹86.04 on September 12, 2024, and a low of ₹35.49 on March 14, 2024, on the BSE.
Suzlon Energy shares were up 3.13% to ₹60.72 on the BSE as of 2:00 PM.
