Suzlon Energy Share Price: After five consecutive trading days of decline, on Thursday the the share of wind turbine maker Suzlon Energy Ltd has returned to green. It had fallen 14.40% in five days and on 14th November & jumped 5 percent to the upper circuit.
On Thursday it is up 5 percent at Rs 56.78 on BSE. However, it is still a 34 percent downside from the one-year record high.
On 12 September 2024, it was at a one-year record high of Rs 86.04, and on 21 December 2023 last year, it was at a one-year record low of Rs 33.90.
Suzlon Had Come Into The Oversold Zone After 5 Days Of Decline
Talking about the technical chart, due to five days of selling, Suzlon Energy Ltd’s Relative Strength Index (RSI) had come to 23 on Wednesday, indicating oversold. RSI going below 30 means that the stock has come into the oversold zone.
At the end of July this year, it reached the level of 86, which is a sign of being overbought. The RSI 29 shows that the stock is now higher on Thursday but remains in the oversold area.
What Is The Trend Of Brokerages On Suzlon?
Suzlon Energy Ltd had a great September quarter in the current financial year (2024 to 2025). Its revenue jumped 48 percent year-on-year to Rs 2103 crore.
During the same period, the company’s net profit increased from 102 crore rupees to 200 crore rupees. Three of the five analysts who cover it have given a Hold rating, while two have given a Buy rating.
Quick Fact
| Company name | Suzlon Energy |
|---|---|
| 5-day trend | Declined 14.40% |
| Latest gain (14th November) | Increased 5% |
| Current price | ₹56.78 on BSE |
| One-year high | ₹86.04 (Sept 12, 2024) |
| One-year low | ₹33.90 (Dec 21, 2023) |
| Oversold level | RSI dropped to 23 (Wednesday) |
| Overbought level | Reached RSI 86 (End of July 2024) |
| September revenue growth | 48% year-on-year |
| Quarterly revenue | ₹2103 crore |
| Quarterly net profit | Increased from ₹102 crore to ₹200 crore |
| Analyst ratings | 3 Hold, 2 Buy |
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