Suzlon Energy’s share closed today at ₹45.26, marking a decline of -1.37% from yesterday’s ₹45.89. This article provides a comprehensive overview of Suzlon’s recent market performance, trading activities, and future outlook.

Market Performance Overview

Suzlon’s stock opened at ₹48.8 and closed at ₹48.25 on the last trading day. The day’s high reached ₹49.45, while the low dipped to ₹45.84. The company’s market capitalization stands at ₹62,468.63 crore. Suzlon’s 52-week high is ₹50.72, with a low of ₹8.52. The BSE trading volume for Suzlon was 6,577,477 shares.

Shareholding Information

Mutual Fund and FII Holdings

As per the March quarter filings:

Mutual Funds (MF) hold 1.14% of Suzlon’s shares, up from 1.13% in December.
Foreign Institutional Investors (FII) hold 18.67%, up from 16.93% in December.

Return Metrics and Efficiency

Recent Fiscal Year Performance

Suzlon’s Return on Equity (ROE) was 26.31%.
Return on Investment (ROI) stood at 18.89%.
Consensus estimates predict an ROE increase to 36.30% in the current fiscal year and 45.17% in the upcoming fiscal year.

Financial Performance

Suzlon has demonstrated strong financial growth:

EPS growth of 58.25% and revenue growth of 24.96% over the past three years.
Trailing twelve months’ revenue reached ₹65,290.90 crore, showing a stable performance.
Revenue growth for the fourth quarter is expected to be 63.04%, with an infinite increase in profit projected.

Analyst Ratings and Price Targets

The consensus analyst rating for Suzlon is a “Strong Buy.”
The median target is ₹49.0, which is 8.26% higher than the current market
The lowest target price is ₹48.0, and the highest is ₹54.0.

Trading Performance and Key Metrics

Today’s Trading Summary

Suzlon’s share fluctuated between a low of ₹45.0 and a high of ₹46.65. The stock closed at ₹45.26, a 1.37% decrease from the previous closing of ₹45.89. The volume traded until 3 PM was 29.29% lower than yesterday, indicating a possible shift in market sentiment.

Key Support and Resistance Levels

For the next trading session, key resistances to watch are:

₹46.3
₹47.35
₹48.0

Key support levels include:

₹44.6
₹43.95
₹42.9

Short Term and Long Term Trends

Technical Analysis Insights

The short-term trend for Suzlon is bullish.
The long-term trend also remains bullish, suggesting potential growth.

Peer Comparison

Market Movements

Among its peers, Bharat Heavy Electricals and AIA Engineering are declining, while Thermax and Voltas are experiencing gains.
Benchmark indices Nifty and Sensex are down by 0.11% and 0.03%, respectively.

Hourly Price Movement Update

In the last trading hour, Suzlon’s stock moved between ₹45.15 and ₹45.49. The surpassed the hourly resistance level of ₹45.4, indicating a bullish trend. Key support levels for the next hour are:

₹45.16
₹45.06

Go Digit Share Price Makes a Lukewarm Debut

Conclusion

Suzlon Energy’s share movement reflects various market dynamics and investor sentiments. With a strong financial performance and positive analyst ratings, Suzlon remains a significant player in the market. Monitoring support and resistance levels can provide insights for potential trading opportunities. As the company continues to grow, staying updated with the latest market trends and expert analysis will be crucial for investors.

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Suzlon Share Price Highlights