Suzlon Energy’s shares are experiencing notable fluctuations in the market. As of the latest updates, the stock is trading at ₹77.35, reflecting a 2.99% decline from the previous close. This decline translates to a net change of ₹-2.38 from the last closing price of ₹79.73 on October 1, 2024.
Main Points
- 1 Suzlon Energy Share Price Recent Trading Activity
- 2 Suzlon Energy Share Price Market Capitalization and Historical Performance
- 3 Suzlon Energy Share Price Key Support and Resistance Levels
- 4 Suzlon Energy Share Price Technical Indicators
- 5 Suzlon Energy Share Price Investor Sentiment and Future Outlook
In the last trading session on October 1, Suzlon Energy shares reached an intraday high of ₹81.57 and a low of ₹79.50. The trading volume on the Bombay Stock Exchange (BSE) was substantial, with 4,234,364 shares traded, while the National Stock Exchange (NSE) reported a higher volume of approximately 27,494,973 shares.
As of October 1, 2024, Suzlon Energy has a market capitalization of approximately ₹108,793.43 crore. Over the past year, the stock has shown significant volatility, with a 52-week high of ₹86.04 and a 52-week low of ₹25.74, indicating both potential risks and opportunities for investors.
For today’s trading session, important support and resistance levels have been identified:
- Pivot Level: ₹80.27
- Resistance Levels:
- R1: ₹81.03
- R2: ₹82.34
- R3: ₹83.10
- Support Levels:
- S1: ₹78.96
- S2: ₹78.20
- S3: ₹76.89
These levels are crucial for traders as they provide insights into potential market movements throughout the day.
From a technical analysis perspective, Suzlon Energy’s stock is currently positioned above its key moving averages, suggesting bullish momentum in the short term. The stock’s performance over various periods indicates:
- 20-Day Moving Average: ₹78.10
- 50-Day Moving Average: ₹71.02
- 200-Day Moving Average: ₹50.30
This data suggests that the stock has been performing well relative to its historical averages.
Investor sentiment around Suzlon Energy remains cautiously optimistic despite today’s decline. Analysts note that demand for renewable energy sources is likely to grow, which could benefit companies like Suzlon in the long run. The company’s financial health is also reflected in its reasonable debt-to-equity ratio of about 1%, signaling stability in its operations.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
